Detail of outcome
Government response to the public consultation on replacing the Wear and Tear allowance with a new relief that allows all residential landlords to deduct the actual cost of replacing furnishings.
This consultation ran from to
Consultation on the reform of the ‘Wear and Tear Allowance’ applicable to property businesses.
This consultation seeks views on replacing the wear and tear allowance with a new relief that allows a deduction for the actual costs of replacing furnishings in let residential properties.