Policy paper

Reform of the wear and tear allowance

This applies to companies, individuals and others, such as trusts or collective investment schemes that let residential properties.

• From: HM Revenue & Customs
• Published: 9 December 2015

Documents

Reform of the wear and tear allowance

HTML

Draft clause 40

PDF, 75.3 KB, 6 pages

Draft explanatory notes clause 40

PDF, 84.4 KB, 4 pages

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Details

This legislation will replace the wear and tear allowance for fully furnished properties with a relief that enables all landlords of residential dwelling houses to deduct the costs they actually incur on replacing furnishings, appliances and kitchenware in the property.

Published 9 December 2015