As a result of the removal of extra-statutory concession B47 in April 2013 (following the Wilkinson decision [2005] UKHL 30), landlords can no longer claim tax relief for the replacement of free-standing white goods in unfurnished residential lettings. HMRC has confirmed its position in response to a joint letter by the CIOT and the ICAEW.
Brian Slater, chair of the CIOT Property Taxes Sub-Committee, commented: ‘The concession, as it previously existed, provided incentives for private landlords to maintain their properties by offering tax relief for the costs of replacing white goods and other furnishings. Additionally, tenants who might otherwise have been forced to manage with worn-out furnishings and broken fridges benefited from the replacements. This incentive no longer exists, likely creating an increased level of tension between landlord and tenant over costs and maintenance.’
As a result of the removal of extra-statutory concession B47 in April 2013 (following the Wilkinson decision [2005] UKHL 30), landlords can no longer claim tax relief for the replacement of free-standing white goods in unfurnished residential lettings. HMRC has confirmed its position in response to a joint letter by the CIOT and the ICAEW.
Brian Slater, chair of the CIOT Property Taxes Sub-Committee, commented: ‘The concession, as it previously existed, provided incentives for private landlords to maintain their properties by offering tax relief for the costs of replacing white goods and other furnishings. Additionally, tenants who might otherwise have been forced to manage with worn-out furnishings and broken fridges benefited from the replacements. This incentive no longer exists, likely creating an increased level of tension between landlord and tenant over costs and maintenance.’
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")