Wear and Tear Allowance
Tax Planning and Financial

Member
Member
0 Thanks
6 Posts
12 years ago
0
Hi

I have just let my property for the first year. I am opting to claim 10% wear and tear allowance rather than offsetting costs for renewal of furnishings.

However, what constitutes 'furnishings'? Is this just chairs , beds, sofas etc., or does it include white goods, carpets, blinds and so on?

In other words, can I claim 10% wear and tear but still offet the full cost of replacing an old carpet and a broken fridge?

regards

IAn

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £75 you can join in the discussion and get access to member's only resources and services join now.