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Property repairs and relief for revenue expenditure

Shared from Tax Insider: Property repairs and relief for revenue expenditure
By Sarah Bradford, December 2021

Sarah Bradford explores how and when tax relief is available for property repairs. 

Last month, in this series of articles, I explored the difference between capital and revenue expenditure and why it matters when it comes to securing tax relief.  

This month, I focus on one particular type of revenue expenditure – property repairs – and look at how and when relief is available. 

What counts as a ‘repair’? 

In its Property Income manual (at PIM2020), HMRC defines a ‘repair’ as ‘the restoration of an asset by replacing subsidiary parts of the whole asset’. They illustrate this with the example of the cost of replacing tiles blown off by a storm. 

However, in ascertaining whether works undertaken on a property would be classed as a repair, it is

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