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Wear n tear allowance

This topic has 1 reply, 2 voices, and was last updated 10 years ago by Tax Tutor.

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October 8, 2014 at 5:32 am #203804
Satiam
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The formula is 10%(rental income – council tax/business rates and water rates)… but if we have bad debts, do we include it in the formula???
October 12, 2014 at 9:40 pm #204264
Tax Tutor
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bad debts are deducted from the gross rental income
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