Can anyone tell me how I compute my capital allowance on rental income on Form 11? From the information I can gather I can write down the value of my furniture every year?
re pat bateman post; Is this correct - I would have though the amount on which one is claiming is reducing each year so therefore the 12.5% gives a different amount each year? is this so? does one fill in the interest ie 12.5 on the form or the amount on which one is applying the 12.5%
ok, just learning myself! So do I take it I only fill in the interest amount of form 11?
thanks, that's what I meant, the calculation (not interest!) I worked out the current value of fixtures and fittings as 18,000 is this excessive?
kitchen, bathroom, suites, beds, wooden floors, white goods etc
What do you mean by "enhancement"? was family home before letting last year. which items wouldn't qualify?