- Last Updated: 30 November 2016
Residential property landlords are prohibited from claiming capital allowances on their expenditure on assets such as plant and machinery and fixed fixtures used by their tenants.
Instead they may claim:
From 1 April (companies) or 6 April (individuals) 2016
- The costs of repairs and renewals to the property including to fixed fixtures.
- The costs of replacing domestic items such as furniture, kitchenware or household appliances,
From April 2013 to April 2016
- The costs of repairs and renewals to the property including to fixed fixtures.
- Either their costs in connection with the provision of furniture and replacement of trade tools and other articles employed in the trade, or, if they are providing fully furnished accommodation a 10% wear and tear allowance.
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