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in computing the wear and tear allowance for unfurnished lettings, are you supposed to deduct the irrecoverable debts before applying the 10% ?
yeap , you need to deduct irrecoverable debt, because wear and tear allowance is calculated on the base of rent received , that is your rent accrued net of irrecoverable debt.
Wear and tear allowance = 10% x (rent received – council tax – water rates).
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