Hi I rent rooms in my house.
I have elected to claim the 10% wear and tear, rather than 'renewals' claim for expenditure.
Renewals refers to an item that is removable - ie a washing machine.
I have just had to buy a part to repair the heating and hot water combi boiler, which is bolted to the wall - is this a removable item or not ? - I would content its part of the house - like the walls (which you can claim to repaint - as the walls are not removable), can anyone clarify if this part can be claimed as an expense.
I presume you dont need to apportion this claim, as I am the live in Landlord.
Thanks
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Frightening
She could not give me an answer, hence I have come here to hopefully get some friendly help. Thanks
That is frightening, to be honest. Is this person professionally qualified? The answer is in black and white in HMRC guidance - even if she didn't have the wit to google it, which brings up a mere 1.5 million hits - the top few of which seem directly relevant. I'd change your accountant.
Are the individuals tenants or lodgers?
If the property is mortgaged, is the lender aware of the situation?
Does it
Are the individuals tenants or lodgers?
If the property is mortgaged, is the lender aware of the situation?
Does it count as a house in multiple occupation (HMO)? That requires a council licence, I understand.