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I have just learned of another tax tweak introduced in yesterday's budget which I was totally unaware of.....Anyone else miss this one ?

'From 2016 wear & tear will only be deductible for expenses actually incurred'

Seems those of us that let furnished will be loosing our ability to automatically claim the 10% wear & tear allowance from next April.

I sense a small rent rise for furnished property is likely from April 2016......ultimately it's tenants who will be affected most.

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