Tax relief on the provision of furniture for fully furnished let

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    Tax relief on the provision of furniture for fully furnished let

    Hi
    I recently purchased a house and 2013-2014 is the first tax return. It is let fully furnished and I intend to claim the wear and tear allowance.

    Are there any further allowances for the actual provision of the furniture.

    For further information it is a council accredited student let on a single joint tenancy (Yes does adhere to the council's HMO regs)
    I provided the following, all new.
    cooker
    fridge and frezer
    desk and chair for each room
    beds and mattresses
    wardrobes
    Sofas and chair
    kitchen bar stools
    Small items such as bins, mops, dustpan, clothes airer, broom etc

    I appreciate any help you are able to provide. I hope I haven't mised too much key information.
    Also, as a bonus question I pay the broadband bill but no other bills, does this count as a utility to deduct from the wear and tear allowance?

    Thanks for reading

    #2
    Unless the cooker and/or fridge-freezer are integrated, all those items are likely to come within the 10% W&T allowance.

    Comment


      #3
      Thanks for the reply but I was wondering if I could use the actual purchase price of the furniture as an allowable expense. For example if i spent £1,000, can I use any of this as an allowable expense in addition to claiming wear and tear?

      Sorry this wasn't clear.

      Comment


        #4
        No.

        The 10% W&T Allowance is given irrespective of the actual (or even any) expenditure on such items.

        Comment


          #5
          Ok. thanks for taking the time to come back to me.

          Comment

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