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Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 7305
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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I recently inherited a property which I have subsequently

Customer Question

I recently inherited a property which I have subsequently rented out.
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Customer: My question regards ***** ***** vs capital gains tax. I have replaced an existing fence, and also had a water meter moved from inside the property to outside. Can I put these items under expenditure, and hence claim against income tax, or do they count as improvements and hence claim against capital gains tax
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Submitted: 1 year ago.
Category: Tax
Expert:  TonyTax replied 1 year ago.

Hi.

Can you tell me if the expenditure was incurred before you let the property for the first time or during its letting please.