Hi,
I am preparing tax returns for a rented property and just wondering am I categorising these items correctly as a deducation against rental income. Cleaning - I got a cleaning company to do a full house clean after some tenants moved out, does this qualify as an expense to be deducted?
The rest are items purchased as requested by tenants or to replace existing items. Would the "wear and tear" allowance apply to these items:
1. Carpeting some rooms in the house
2. Cooker hob and hood
3. Hoover
Does this work by taking the cost of the item and claiming 15% per year for the first 6 years and 10% in the 7th year as an expense to be deducted from the rental income.
Thanks.