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Dec 2011 Q4

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

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October 30, 2014 at 9:44 am #206777
zhaoyunyi
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for part (a), when calculating the loss regarding to the furnished room, why not include a 10% wear & tear allowance?
November 3, 2014 at 11:50 am #207380
Tax Tutor
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I believe that property is a furnished holiday letting and therefore capital allowances are claimed instead of the wear and tear allowance – see OT course notes chapter 3 section 3 on furnished holiday lettings
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