Does the new business investment tax relief apply to property upgrades and renovations for rental properties, and will it reduce my taxable income?
Quick Answer
New business investment tax relief generally doesn't cover residential rental property upgrades. These are usually capital expenses, reducing capital gains on sale, not annual income tax. Specific reliefs are for commercial or qualifying holiday properties.
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New business investment tax relief generally doesn't cover residential rental property upgrades. These are usually capital expenses, reducing capital gains on s
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