MarkJ Posted January 13, 2007 Report Share Posted January 13, 2007 Newbie question so please be gentle...... Just about to rent out my first BTL property. I see that there are tax deductions available for furnished properties rather than unfurnished. So my question then is 'How furnished is furnished?' If I supply one bed only is that furnished? If I put a table and chairs in the property is that furnished? At what point does a house move from unfurnished to part-furnished to furnished for tax purposes? Thanks Mark Link to comment Share on other sites More sharing options...
plym77 Posted January 15, 2007 Report Share Posted January 15, 2007 Hi Mark You need to put in the basics, for example, white goods, lounge and bedroom funiture, curtains etc. There is no set scale from unfurnished to furnished. part-furnished is not enough to warrant a wear and tear allowance. hope that helps regards Sherena Link to comment Share on other sites More sharing options...
mindstep Posted January 18, 2007 Report Share Posted January 18, 2007 We are a national inventory company (http://www.inventoryclerk.com) and we tend to class a property as unfurnished up to including "white goods". A sofa, bed and maybe a wardrobe or 2 with curtains and minor odds and ends is part-furnished and anything beyond as furnished. We have a last category which is where a property is over furnished we may add extra fees. I hope this helps Link to comment Share on other sites More sharing options...
robwalsh25@tiscali.co.uk Posted February 19, 2007 Report Share Posted February 19, 2007 Somewhere to eat, sleep ,and sit. And all fixtures and fittings fridge,washing machine,curtains,bathroom mirrors etc..... That will do as part furnished and if the tenant wants anymore ie bedding, cutlery,tv then im sure they will ask then its up to you to do that for free or charge extra. Link to comment Share on other sites More sharing options...
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