Replacement of Domestic Items

Question asked by Catherine Myers 1 month ago

My expense for replacement for domestic items does not appear to be coming through to my MTD summary. Is there a reason for this?

Thanks

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Hi Catherine,

I have taken a look, replacement of domestic items is not taken off of rental income for tax purposes. It can only be entered on the MTD Tax return at the end of the year, as an "allowance".

Please see HMRC's guidance here.

Tommy

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1 month ago

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