Capital or revenue

paulr

Good evening,
I have a new client that intends renting out a furnished house;
he has had Solar panels atteched to the house and is asking whether
they are a Capital or Revenue cost;
any suggestions on how to treat the cost from a tax perspective,
thanks,
Paulr.

Tiger

My opinion would be capital as they now form part of the fabric of the building... Its not a repair or a replacement but an improvement...

Just my opinion others may (& usually do!) disagree...

uknitty

My thoughts were also Capital because they are part of a new heating system rather than enhancing an existing one.

clegganator

I would of said 90% of them are capital because some are more portable than others. I have relatives in France who brought one and they could very easily take it with them when they go. However some of them are integral features and, without making a hash of it, you couldn't detach them from the system.

imeldabye

another vote for capital

CPenney

I would also say capital

PGM

Capital, but I'd check if there's any special first year allowance for that type of item.