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As well as their main private residence, my clients own a second property which is, and has for many years been, let on a furnished basis to tenants. We have always claimed the 10% 'wear and tear' allowance and there have been no problems with this. Last year, new tenants moved in, but shortly before the end of the year they 'did a flit', taking most of the furniture, furnishings and 'white goods', etc. with them!
As well as their main private residence my clients own a second property which is and has for many years been let on a furnished basis to tenants. We have always claimed the 10% 'wear and tear' allowance and there have been no problems with this. Last year new tenants moved in but shortly before the end of the year they 'did a flit' taking most of the furniture furnishings and 'white goods' etc. with them!
My clients have taken the opportunity of having an empty house to do some redecoration work but they will have to completely refurnish to enable it to again be let as a furnished property. Given the somewhat exceptional circumstances my question is whether they can claim the whole of the cost of that 'one-off' refurnishing expense against the rental income or are they...
