Consultation outcome

Replacing Wear and Tear Allowance with Tax Relief for Replacing Furnishings in Let Residential Dwelling-Houses

From:: HM Revenue & Customs
Published: 17 July 2015
Last updated: 9 December 2015 — See all updates

Read the full outcome

Reform to the Wear and Tear Allowance - summary of responses

PDF, 95.9 KB, 9 pages

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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.

Original consultation

Summary

Consultation on the reform of the ‘Wear and Tear Allowance’ applicable to property businesses.

This consultation ran from
10:30am on 17 July 2015 to 11:45pm on 9 October 2015

Consultation description

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.

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