Tag Archives: residential property; repairs and capital expenditure

Capital Gains Tax: What is considered a repair, and what is considered capital expenditure?

For the purpose of this blog, I will use examples of repairs and enhancements relating to residential properties as the examples will be relatable to many people and hopefully easier to understand. What is a repair? HMRC considers a ‘repair’ as the restoration and maintenance of pre-existing features of an asset by bringing the asset…