11:19 AM, 25th August 2014, About 9 years ago 16
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?