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Renewals or 10% Wear & Tear

BIG WAL
BIG WAL Registered Posts: 133 Dedicated contributor 🦉
January 2013 in General accounting discussion
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 ?
0

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