
Reform of the wear and tear allowance for residential landlords
Whos is likely to be affected Companies, individuals and others, such as trusts or collective investment schemes that let residential properties General description of the measure The Wear and Tear Allowance for fully furnished properties will be replaced with a relief that enables all landlords of residential dwelling houses to deduct the costs they actually incur on replacing furnishings, appliances, and kitchenware in the property. The relief given will be for the cost for