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Landlords can no longer claim tax relief for the replacement of white goods in unfurnished residential lettings, HMRC have confirmed.
The department’s announcement to the ICAEW Tax Faculty and the Chartered Institute of Taxation follows the withdrawal from April 2013 of extra-statutory concession B47.
Landlords can no longer claim tax relief for the replacement of white goods in unfurnished residential lettings, HMRC have confirmed.
The department’s announcement to the ICAEW Tax Faculty and the Chartered Institute of Taxation follows the withdrawal from April 2013 of extra-statutory concession B47.
The renewals basis no longer applies to white goods because they do not qualify for relief under ITTOIA 2005, s 68 – but replacement could be claimed as repair if the items are integral to a fitted kitchen.
The Tax Faculty said the change in policy may “come as a surprise to many landlords as they complete their self assessments for 2013/14”.
The Revenue say it will monitor the impact of the withdrawal.
