Furnished rentals

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?

 

Thank you

 

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.

 

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You're missing nothing

BKD |
BKD's picture

Earlier returns

billgilcom |
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