I understand that capital allowances can be claimed on a static caravan that is rented out. There will be a small element of private use but at least 30 weeks available holiday letting and hopefully at least 15 weeks fully let.
My question is as folows:-
The caravan has been used privately since purchase four years ago. Should I obtain a valuation of the caravan at the commencement of the change of use and use that as the commencement figure for capital allowances or is there some other way of determining this figure. I cannot seem to track this detail down anywhere at present.
Any links or recommended reading would be appreciated.
I too rent out a static caravan and was also wondering about Capital Allowances. Can the full cost of the caravan be written off in the 1st year? Purchase price was £10,000
Also do things like TV, cutlery, crockery, kettle, duvets etc have to go down as capital allowance?
Caravan insurance is very similar to automobile insurance only you are protecting a vehicle that is used exclusively for taking trips and vacationing. The amount of amenities and personal belongings that typically remain and are only used in the vehicle will usually determine the cost of your caravan insurance policy.
