Re: How do I account for money spent on property?


"John Rogers" <johnprogers@xxxxxxxxxxxxxxxxxxx> wrote in message
news:s2CXe.14008$QU3.3958@xxxxxxxxxxxxxxxxxxxxxxx
>I am hoping for some advise on accounting for money spent on improving a
>buy to let property. I would like to know how money spent on items such as
>new kitchen and bathroom are handled. Is this just a standard expense that
>is offset against tax or should the money go into a capital account? I have
>been reading any articles I can find but none seem to address this.
>
> Thanks
>
> John Rogers
>

Have you read the Inland Revenue booklet IR87 which deals with Lettings?

It is downloadable from their website.

http://www.hmrc.gov.uk/leaflets/menu.htm
--
Doug Ramage

[Watch Spam Trap]


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