Wear and Tear allowance on furnished property
Tax Planning and Financial

PMR1964

1 Thanks

20 Posts

9 years ago

I have furnished flat and have been claiming the 10% each year, which presumably should cover replacement any of the 'furnishings'. However I have a question about what constitutes 'furnishings'. Because in an unfurnished property I include at least an oven/cooker & hob, sometimes a fridge freezer, sometimes a washer. Are these furnishings for the purposes of W&T? Could I claim 10% on these or should these be capital expense? Do others have advice for me? Many thanks.

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Wear and Tear allowance on furnished propertyTax Planning and Financial

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Wear and Tear allowance on furnished property
Tax Planning and Financial