The short version: The Wear and Tear Allowance used to let landlords claim 10% of rent as a deduction for furnishing costs. It was scrapped in 2016 and replaced with Replacement of Domestic Items Relief.
What changed?
Under the old system, you could claim 10% of net rent each year regardless of actual spending. Now you can only claim for items you actually replace, and the claim is based on what you spent.
Is the new system better or worse?
It depends. If you rarely replace things, you claim less than before. If you’re constantly buying new furniture and appliances, you might claim more. The new system is more closely tied to real expenses.
What can you claim now?
The cost of replacing furniture, appliances, kitchenware, and other domestic items in your rental property. Not improvements, just like-for-like replacements.
Landlord wondering what you can claim? We can help with your rental accounts.
