Just wondering what items can be deducted as capital allowances from rental income. From what I have read it is all furniture and fittings in the house, is that literally everything?
Like kettle, ovan, table and chairs, beds, wardrobes, blinds, bathroom fittings etc.
there is also a decking area out the back, can this be claimed under capital allowances as well as it only went in just before house was rented and is quite valuable and will depreciate over time.
Like kettle, ovan, table and chairs, beds, wardrobes, blinds, bathroom fittings etc.
there is also a decking area out the back, can this be claimed under capital allowances as well as it only went in just before house was rented and is quite valuable and will depreciate over time.