Articles tagged with: lettings
headline, on the bridge, one offs »
Two new sets of rules come into force over the next few years.
No more “10% Wear and Tear” allowance
The allowance is being abolished. Starting on 6 Apr 2016, landlords who rent out furnished accommodation will no longer be able to claim the flat rate 10% allowance every year, and instead will be permitted only to claim the actual costs of like-for-like renewals and replacements.
Restriction of loan interest relief
Over a three year period, starting on 6 Apr 2017, the amount of tax relief you can claim for loan interest paid, will …
You can link directly to this article using the short URL http://bit.ly/12j8qB
This checklist is set out in the style of a flow chart, only without the boxes! It is the normal practice to collate a separate set of records for each separate property. We prepare individual summaries in the case of multiple properties and the figures are later combined only for the purposes of a personal tax return.
Bank/Finance House items
A copy of a loan interest paid certificate for the whole tax year.
If the lender cannot provide a certificate, please let …