SDB Accountancy Services providing financial services to Start ups, Sole Traders, Partnerships and Limited Companies.
SDB Accountancy Services providing financial services throughout the North East of England.
Servicing Business within \nthe North East for 10 years
Get in touch  0191 2766792

Tax relief for residential Landlords

Thursday, 16 November 2017
As the Wear and Tear allowance for furnished residential properties was replaced as from the 6th April 2016 with a new tax relief for the replacement of domestic goods. The replacement of domestic goods applies to landlords who let furnished and unfurnished properties.
You can claim the cost of replacing domestic items in residential accommodation where:

  • The cost is incurred on purchasing a replacement domestic item-you can’t claim the initial cost for an item provided for use in the accommodation for the first time.
  • The new item is provided solely for the use of the tenants in the accommodation and the old item is no longer available for use. If the new item is an improvement on the old item, you can only claim up to the amount needed to replace the original item.
Include items such as:

  • Moveable furniture for example, beds, free-standing wardrobes.
  • Furnishings for example, curtains, linens, carpets, floor coverings.
  • Household appliances for example, televisions, fridges, freezers.
  • Kitchenware for example, crockery, cutlery.

Please get in touch should you wish to discuss your options further.

SDB Accountancy Services • Tel: 0191 2766 792  • Mob: 07596854430 • Email:
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SDB Accountancy Services is a member of The Institute of Financial Accountants