10% Wear and Tear Allowance

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    10% Wear and Tear Allowance

    Hi All,

    Quick question on the 10% wear and tear allowance to reduce my/my partners income tax liabilities.

    I have read that this is applicable for fully furnished rental properties, but just want to check whether we do indeed qualify?

    We have a 2-bed apartment, which we are advertising as furnished. We are buying a new 3-seat and 2-seat sofas for the lounge, although not providing a TV.

    The kitchen will be left with a washing machine, fridge-freezer, oven, hob, plates, bowls, mugs, knives, forks, spoons etc

    Each bedroom will have a double bed, wardobe, chest-of-drawers, and some bedside cabinets in the main room.

    All rooms have blinds on the windows.

    As far as I can make out, this makes it fully furnished and not simply part-furnished. Is that correct?

    Also as this is not a student let and hopefully wont have a high turnover of tenants, we believe this will work ouot more profitable in the long run, rather than choosing the renewals options.


    What do you think you haven't supplied? Sounds pretty FF to me.


      What's missing ? Is a new toilet brush still in plastic wrapper. New tenants don't like a "used toilet brush" .

      Yes, agree the flat is FF and remember to keep in inventory of the items supplied in flat.


        Well the main thing is TV, but my partner thought toaster/kettle/microwave might be needed too? Suppose an ironing board too when you think about it... but I'm sure tenants can buy their own?

        I'll take note of the toilet brush lol


          I reckon you need a kettle. But why would you need a TV?


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