Wear and tear allowance will be replaced
Posted by mostafa on 10 August, 2015
No comments yet
This item was filled under Tax
In response to the government announcement in the 2015 summer budget that it would consult on a measure intended to improve how residential property rental businesses are taxed, HMRC have published Replacing wear and tear allowance with tax relief for replacing furnishings in let residential dwelling houses.
The proposal is …