Q: I have a query regarding Schedule A taxable expenses...
28 August 2012
...The situation is a furnished property, which has been subject to an expense of £3,000 because of a kitchen extension. Is this a taxable expense?
...The situation is a furnished property, which has been subject to an expense of £3,000 because of a kitchen extension. Is this a taxable expense? I am not sure whether to include it as ‘renew and repair’ on the computation and also on the tax return.
The cost of the construction of an extension would not be an allowable expense for Schedule A purposes....