Corporation Tax Act 2009 section 248A

Furnished accommodation: wear and tear allowance

Section 248A previously provided a wear and tear allowance for furnished accommodation but has been removed from the legislation.

  • Section 248A formerly allowed landlords to claim a wear and tear allowance for furnished lettings
  • The section was repealed by Finance Act 2016
  • The repeal takes effect for accounting periods beginning on or after 1 April 2016
  • For accounting periods starting from 1 April 2016 onwards, the wear and tear allowance is no longer available for corporation tax purposes

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