calculating Capital Allowances for rental income purposes

[willalex]

I understand that you can claim a wear and tear allowance for fixtures and fittings against your gross rental income.

Where I let an old property for the first time, can I claim :

A wear & tear allowance on the existing fixtures and fittings using a guesstimate of their current value or can I only claim in on new fixtures and fittings I buy for the property?

 

[Gervan]

You can use the current value of the existing fittings.