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:
Include items such as:
Please get in touch should you wish to discuss your options further.
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.
