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Replacement of Domestic Items Relief

From 6 April 2016, the 10% wear and tear allowance was abolished and replaced with a new ‘replacement of domestic items relief’ available to all landlords of residential property. Our Residential Property Taxperts have put together a factsheet on what can be claimed under the new relief.

For more information, or to discuss your circumstances, please contact our Residential Property Taxperts.

 

Latest News

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January 18, 2022

HMRC Announces Support For Self Assessment Taxpayers

On 6 January, HMRC announced that it will waive late filing and late payment penalties for one month for Self Assessment taxpayers. While HMRC hope that many will…

December 16, 2021

Treasury Responds To OTS Reviews

The Treasury has responded to the Office of Tax Simplification (OTS), following its review of Capital Gains Tax (CGT) and Inheritance Tax (IHT). The extensive review covered various…

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