by steve james | Feb 7, 2023 | Tax, Tax and Financing
Wear and Tear Allowance and Replacement Relief: tax reform guide Prior to 2016, landlords could use Wear and Tear Allowance to claim back expenses for replacing furniture in their property. However, along with a raft of changes to taxation rules in the the private...
by steve james | Feb 6, 2023 | Maintenance and Property Management, Managing your Tenants
Fair wear and tear: FAQs Fair wear and tear can be a frustratingly obscure concept to get to grips with for both landlords and tenants alike. There’s no fixed legal definition of wear and tear, meaning it’s hard to account for what can and can’t be deducted from a...
