Are you claiming for wear and tear?

If you rent out a furnished property then you may be entitled to claim wear and tear allowance, which is deducted from your net rents, thus reducing the taxable rental income. Capital allowances are typically claimed on plant and machinery but cannot be claimed on...
Are you claiming wear and tear?

Are you claiming wear and tear?

If you rent out a furnished property then you may be entitled to claim wear and tear allowance, which is deducted from your net rents, thus reducing the taxable rental income. Capital allowances are typically claimed on plant and machinery but cannot be claimed on...