Nunn: wear and tear relief for buy-to-let landlords

Yvette Nunn CTA, director at Berkeley Associates, considers the complexity of wear and tear relief for landlords, outlining the winners and losers in the new relief for replacement of domestic items for landlords

Since the wear and tear allowance became statutory in 2011, landlords have been able to claim tax relief on replacing furniture in a dwelling if the property was let furnished with sufficient furniture, furnishings and equipment for normal residential use. There was a choice to either claim the renewals basis or the wear and tear allowance.

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