Capital v revenue expenditure on the first RefurbMake Text Bigger
I’m just about to complete on my first BTL and need to give the house a “face lift” before I rent it out, mainly fresh coat of paint, new carpets, some laminate flooring and repair a bathroom ceiling (light skimming).
Is it all revenue expenditure?
According to HMRC website a repair of an asset can be written against the profits for that year.
What is considered a “repair” when it comes to BTL residential properties?
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