landlords delay repairs to maximise wear and tear tax break /

Published at 2015-11-19 10:56:20

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Renters could face months waiting for repairs as change to tax allowances throws up window of opportunity for landlordsTenants face waiting months for all but the most urgent repairs on their homes after nearly a third of landlords said they were delaying expensive maintenance work until recent tax rules advance into force next year.
Currently,landlords who rent out furnished homes can claim tax relief on 10% of their rental profits even if they do not do any work, but from April 2016 they will only be able to earn a claim for the amount they have spent.
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Source: theguardian.com

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