Claiming tax relief on wear and tear for furniture in privately rented accommodation is no longer a refuge for any landlord. Changes from April 2013 have stipulated a property must be fully furnished to qualify for rebate.
The “RLA guide to tax relief on furniture etc.” is a document written by Policy Director, Richard Jones. The guide provides explanation of changes in renewal claims and what landlords should know if they want to make claims.
The guide states: “The only relief available now is if the property is fully furnished, in which case the wear and tear allowance can be claimed”.
Definitions of unfurnished, fully, or partly furnished accommodation is outlined within the guide. There is also a list of what sort of items can be used in wear and tear claims.
Properties that are sublet, fixtures, and certain renewal items have specific guidance that should be followed, and are described in greater detail within the guide. Read the guide here.
For more landlord guides head to the RLA website. There you can find a list of documents to cover everything from starting a tenancy, to ensuring that you know how to check for and prevent legionnaire’s disease forming in your properties.