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A-Z of Tax and Accounting terms: W is for…

by ClearwaysAccountants | Sep 27, 2013 | A-Z of tax and accounting terms, Contractor, Freelancer, Self Employment, Small business advice

Wear and Rear Allowance and Wages Wear and tear allowance Income from furnished lettings is part of the taxpayer’s rental business. Generally the same rules apply as for other lettings.  But where a taxpayer lets a residential property furnished, capital...

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