FREE WORKBOOK
Capital Improvements Register
The base cost, recorded while you still have the invoices, because you will need it decades from now.
Join dozens who use this
Who this workbook is for
Anyone who has owned a property for years
Capital improvements reduce the gain when you sell, but nobody can find a 2019 invoice in 2041. The register is the point rather than the arithmetic: what was done, when, what it cost, and where the paperwork is.
Anyone who is not sure what counts
Only improvements belong here. A like for like replacement was deducted from rent at the time, so putting it here as well claims the same spend twice. The sheet marks those rows and leaves them out of the total, which is why the demo shows £69,000 spent and £62,000 counting.
Anyone selling in the next few years
On the demo that £62,000 of base cost saves £14,880 of capital gains tax at 24 per cent. The relief is real, it is just years away, and it only exists if you can evidence it when the sixty day return is due.
