Furniture instead of wear and tear allowance

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    Furniture instead of wear and tear allowance

    Hi all

    I'm aware the 10% wear and tear allowance is being replaced by needing to claim for items as and when they are renewed.

    I have a couple of questions:

    - I assume this covers furniture? e.g. if we need to buy a new bed or wardrobe to replace an existing one, I would now be able to claim for this?

    - Am I right in thinking that this is now operative (e.g. from April 2016)? So any items of furniture I have bought from April onwards are tax deductible?

    - If we were to choose to furnish (from scratch) a currently unfurnished property, would we be able to claim every single item of furniture?

    I have read through the tax rules, but they seem slightly counter-intuitive. However, that holds true with my general experience of HMRC!

    #2
    Yes, yes and probably (the new legislation isn't published yet.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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