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
