by ClearwaysAccountants | Jan 9, 2014 | Landlords, Tax Tips
Do you own a buy-to-let property? Normally a business will claim capital allowances on any plant and equipment purchased for use in the business. You cannot make a claim for capital allowances if the equipment is for use in a dwelling house i.e. in a buy-to-let...
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...
