lino and "wear and tear" allowance

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    lino and "wear and tear" allowance

    I have seen a few discussions on this in various forums.

    If using the 10% Wear and Tear Allowance for tax purposes, I know that replacement carpets are NOT allowable as a deductible expense, being considered a renewal of furnishings. The reasoning seems to be that a carpet can be removed from the property without damage and so retain its value/remain usable.

    However, lino, if removed would not be usable again. For this reason some posters have suggested it is considered as part of the building and so should be treated differently from replacing carpet. They argue replacing lino IS allowable.

    I wonder if anyone can help with a definitive answer (or one from experience)?

    #2
    But W & T does cover the carpets. They are no different to the paint on the walls.
    I suggest you start at PIM3200 on the HMRC web site and the associated page links. Regards Peter

    Comment


      #3
      Thanks, Peter

      That's where I started. W&T covers carpets, but it does not cover e.g. floor tiles. Lino lies (no pun intended) somewhere between the two. That's why there seem to be conflicting ideas.

      Comment


        #4
        Originally posted by TaxationPete View Post
        But W & T does cover the carpets. They are no different to the paint on the walls. Regards Peter
        You have really confused me. What are you trying to write?

        Comment


          #5
          Yes not a good example Telometer, I was rushing to get out, back now.

          If you take a furnished let and turn it upside down and shake it everything that falls out is “furniture, and furnishings”. To avoid any doubt this category includes carpets, curtains and white goods and does NOT include the fitted kitchen, fitted bathroom and central heating system which are all part of the fabric of the building. Regards Peter

          Comment


            #6
            Surely, if one is claiming the 10% W&T Allowance, it does not matter what "furnishings" are being replaced nor their cost - it may be that nothing is replaced in a particular tax year?

            Or are wanting to claim the lino tiles as a capital expense, in addition to the 10% W&T?

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