Landlords poised to lose tax concession
Landlords poised to lose tax concession
- 2001
- Financial Times 24 February 2001, 20(1) .
The Inland Revenue has confirmed that from April 6 landlords will no longer be allowed to claim that any proportion of capital spending on their properties is a 'repair element' and therefore tax-deductible. The changes were originally announced in the 1998 budget but have not been publicised.
INLAND REVENUE
PRIVATE RENTED SECTOR
RENTED PROPERTY
REPAIR ELEMENT
REPAIRS
TAX CONCESSIONS
The Inland Revenue has confirmed that from April 6 landlords will no longer be allowed to claim that any proportion of capital spending on their properties is a 'repair element' and therefore tax-deductible. The changes were originally announced in the 1998 budget but have not been publicised.
INLAND REVENUE
PRIVATE RENTED SECTOR
RENTED PROPERTY
REPAIR ELEMENT
REPAIRS
TAX CONCESSIONS