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23 November 2010
Issue: 4282 / Categories: Forum & Feedback

A husband and wife carried out work to their main residence shortly before letting it out

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Our husband-and-wife clients H and W having lived in their £800 000 home for 11 years decided to move and keep their home as a rental property investment.

H has an established residential buy-to-let property business which is operated jointly with another person not in partnership. W is a homemaker without income.

In April 2010 H and W exchanged contracts to buy their new family home with a three-month completion during which time the existing home was partially refurbished in advance of letting with the remaining decorating and refurbishment works being undertaken after the family moved to the new home.

All refurbishment works (£25 000) were of a repair nature and incurred wholly and exclusively for letting and incurred after the...

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