My client rents her propery out. By her own admission it is sparsely furnished, if at all furnished.....white goods only! The 10% wear and tear allowance has been claimed.
The previous agent has claimed the 10% wear and tear allowance.
PIM3200 seems pretty clear to me that the 10% isnt allowed if the proprty is ony part furnished or is furnished.
Am I missing something?
PS if I am correct, do I need to correct previous tax returns? We are only talking about a claim of £875 for the property, split between two people.
- TaxCalc - A Return to Form 332 4
- FPS or EPS 106 2
- I have let a client go as it wasnt worth the hassle, 1,975 17
- Can I record depreciation, prepayments and accrued expenses in cash accounting? 227 3
- Continuity of Practice 157 2
- IRIS Professional Yearend 109 2
- Letting Agents - requirement for audit of clients accounts 303 10
- Scams are not always obvious 2,178 34
- Financial statements accounting policies 239 5
- Does Members voluntary liquidation require change of year end 143 3
- Market Value/Connected Persons 288 10
- Online Downtime 331 4
- P60 from HMRC Basic Paye Tools 322 3
- What do you all do in your spare time? 784 31
- Personal allowance 671 15
- How do we get US withholding tax back? 176 2
- Google contacts sharing within our domain 444 6
- New Fangled Penalties 1,120 1
- New client has not reported director's pay by RTI 406 10
- VAT on employee loan 307 5
- Moving away from CCH software 944
- QROP pension input amounts 435
- write off loan or loan to equity swap or both 377
- HMRC BENCHMARK EXPENSES 352
- Unused Losses and Post Cessation Receipts 320
- fraud 276
- EIS relief on transferring shares to spouse 250
- Sole trade business in UK, but the owner works from EU 219
- Construction CIS LLP Company 207
- EPS and CIS deductions 192