Capital Improvements & Depreciation
Keep track of what you've spent improving your properties
Record renovations and capital improvements separately from everyday property expenses, with their costs and depreciation records kept against the property.
A major renovation is easy to lose track of — its cost disappears into years of ordinary transactions and a drawer of receipts. Akweno keeps a property-level history of every improvement, its cost and its supporting records, so the work you've done stays visible long after it's finished.
Kept separate from everyday expenses
Record renovations, extensions and major upgrades as capital improvements against the property — distinct from the running costs in your ledger, so a big spend isn't buried among years of routine transactions.
A history that stays with the property
Each improvement keeps its date, cost, payments and supporting records against the property, building an improvement history you can still refer back to years later.
Ready when you need it
Those records stay available for your own performance analysis and for the conversation with your accountant or adviser, who determines the actual tax treatment.
General information only. Depreciation figures are indicative and for your own planning. They are not tax advice — always confirm treatment with a qualified quantity surveyor or accountant.
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Keep a lasting record of every improvement
Record renovations and capital improvements against each property, with their costs and supporting records kept where you can find them.
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