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Good day
sirI wanted to know if you could help me out with capital allowances related to furniture in a property business which qualifies as a” trade as furnished holiday letting” when dealing with rent of such a business for profit/loss calculation. So i want to request for help in dealing with capital allowances relating to furniture and the connection of “annual investment allowance” with such a capital allowance.Kindly please accept my request for help.
Best regards
Bilal ZafarHi xyzb
If an individual has rental income from a qualifying furnished holiday letting then instead of claiming the 10% wear and tear allowance in respect of the use of furniture and furnishings, a claim may instead be made for normal capital allowances to be claimed on such expenditure and then AIA would indeed be claimable.
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