Rental properties – good
news and bad

5th January 2016 by Liz Densley

Rental properties – good
news and bad

Many doctors have rental properties – either where original homes have been rented out or as investments in ‘buy to lets’.

Recent changes in tax laws have made it more complicated. Starting with the good news:

The existing 10% wear and tear allowance on furnished lettings will be replaced by the actual amount spent on replacement furnishings, including cookers and fridges.

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