Good Afternoon.
I am a tenant in a property owned by my father in law. We are making some improvements to the property which we are paying for. Some of the work is essential like replacing drains, heating system, windows etc. I am aware that relief is not given on improvements etc and only essential maintenance but we are trying to work out how to (if we can) pay the father in law the cost of the maintenance/repairs in order that he can claim relief. I wonder whether a simple loan from me would suffice? His accountant has highlighted a payment for replacement windows stating that it cannot be put through as a business expense as the money has come from me. Is there a legitimate way of providing the money in order for him to claim relief? This is purely a matter of we have the money for the work whilst my father in law does not.
All the issues regarding 'our' money / someone else's property has been addressed and sorted.
Thanks in advance
Andrew
I am a tenant in a property owned by my father in law. We are making some improvements to the property which we are paying for. Some of the work is essential like replacing drains, heating system, windows etc. I am aware that relief is not given on improvements etc and only essential maintenance but we are trying to work out how to (if we can) pay the father in law the cost of the maintenance/repairs in order that he can claim relief. I wonder whether a simple loan from me would suffice? His accountant has highlighted a payment for replacement windows stating that it cannot be put through as a business expense as the money has come from me. Is there a legitimate way of providing the money in order for him to claim relief? This is purely a matter of we have the money for the work whilst my father in law does not.
All the issues regarding 'our' money / someone else's property has been addressed and sorted.
Thanks in advance
Andrew