Landlord Help

 Landlord Help

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Here you will find answers to the most common landlord questions, grouped together in easy to use categories. If you can't find what you are looking for use the search function. Also check out the Tips & Advice section or log onto the discussion forum

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Rental Accommodation Scheme (RAS)

What expenses can be claimed for Wear and Tear?

If a premise’s it let for residential purposes and it is furnished, a claim can be made for a wear and tear allowance based on the cost of the furniture and fittings. It is necessary to retain an itemised list of expenditure incurred each year.

· With effect from 4 Dec 2002 the allowance is 12.5 % per year over 8 years

· For the period between 1 Dec 2001 and 3 Dec 2002 the allowance was 20% per year over 5 years

· Prior to 1 Jan 2001 the allowance was 15% per year for the first 6 years and 10% in the 7th year

 

 

 

 

 

 

 

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