Landlords may be leaving fixing old boilers longer than is necessary due in part to some confusion over tax laws.
The specific law in question is the one the government has expects to encourage landlords to bring their properties up-to-date in the heating and environmental stakes. But it seems very unclear at the moment whether they are eligible to apply for the 10% tax allowance if they replace old boilers.
David Lawrenson of LettingFocus.com has been very vocal about the fact that replacing old boilers should fall into the UK’s Landlord Energy saving Allowance.
This seems very sensible to me, in fact you would have thought it was the very essence of the spirit of that law. Clearly new boilers are going to be more energy efficient and that is the whole point.
On a very serious warning note, the Gas Safe Register recently reported that a lot of landlords were trying to fit these boilers themselves without any professional help, in an effort to save money. This is obviously not a recommended practice and could be very dangerous.
Maybe if the government pulled its finger out and clarified the tax rules on boilers then this kind of drastic action would be reduced.
If you want to learn genuine ways to lower your landlord taxes then visit our property tax website property-tax-portal.co.uk.
