unfurnished or furnished? | AccountingWEB

unfurnished or furnished?

Property rental of a flat.

There is an annual maintenance charge of £1000 per year for communal area and grounds which has to be paid.

Can this be deducted from the taxable profit?

Is it more profitable to let furnished? If the flat is let furnished you claim 10% wear and tear. If its let furnished what can you claim? The flat contains white goods but currently no other furnishings.

Can white goods count as part furjushed? And would this allow 10% w&t to be claimed?

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Letting expenses

Euan MacLennan |
Euan MacLennan's picture

Don't forget the legal implications

cfield |
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ACDWebb |
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