Rental property - capital allowance help needed

Hi,
Sorry of this seems like a daft question.... one of my clients owns a property which she rents out.
Are capital allowances available for the cost of buying the property? i.e. the mortgage (capital portion)
If so, do properties qualify as AIA?
For some reason I assumed that only the interest was allowable but I am in doubt now...
Any help would be very appreciated.
Thanks in advance.
Sorry of this seems like a daft question.... one of my clients owns a property which she rents out.
Are capital allowances available for the cost of buying the property? i.e. the mortgage (capital portion)
If so, do properties qualify as AIA?
For some reason I assumed that only the interest was allowable but I am in doubt now...
Any help would be very appreciated.
Thanks in advance.
0
Comments
Hi Kelly,
PIM3000 is the one you want, and the introduction at PIM3005 gives a useful summary which is that, basically, no, you can't claim capital allowances in relation to buying the property.
Hope that helps!
Mike.