Refurbishment of rental properties relief re capital expenditure

[Bronte]

"Relief for refurbishment of certain rental properties from April 2001."

If you have a house and you convert it into flats is this capital expenditure allowed under the above relief. What exactly does the relief apply to - would it be putting in new windows/replacing bathroom fittings/new kitchen, etc Also it contradicts this bit of the reveue guide

• "Capital expenditure incurred on additions, alterations or improvements to the premises unless allowable under an Incentive scheme "

Normally if you do capital expenditure to a property you can deduct it from Capital Gains tax when selling - not the rental income from letting is this relief a way around this?

 

[asdfg]

Capital expenditure incurred on additions, alterations or improvements to the premises unless allowable under an Incentive scheme "

I think this is in relation to Section 23, Section 50 etc

If you have a house and you convert it into flats is this capital expenditure allowed under the above relief.

Capital expenditute is excluded

 

[Nige]

Capital expenditute is excluded

Not if it qualifies under the Countrywide Rental Property Refurbishment scheme.

[broken link removed]

 

[asdfg]

Thanks for that. In my reply I was going to add "unless allowable under an Incentive scheme" but as I had already answered the question I did not see the point

Quote:
Capital expenditure incurred on additions, alterations or improvements to the premises unless allowable under an Incentive scheme "
I think this is in relation to Section 23, Section 50 etc

 

[Nige]

The point is that the Countrywide scheme applies to ALL rental property regardless of where it is, not just section 23, 50 etc.

 

[Bronte]

I'll have a read of that and see if it's of use to me - thanks very much Nige. I've never noticed that info on the Revenue website before.