Renewals or 10% Wear & Tear
BIG WAL
Registered Posts: 133 Dedicated contributor 🦉
I tend to recommend clients use the Wear & Tear allowance when letting for furnished property.
However, someone's come back to me saying they would prefer to use the Renewals basis on some
properties because of low rents being obtained.
Does anyone have any opinions as to whether that makes sense financially ?
However, someone's come back to me saying they would prefer to use the Renewals basis on some
properties because of low rents being obtained.
Does anyone have any opinions as to whether that makes sense financially ?
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 323 NEW! Qualifications 2022
- 160 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 93 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership