Property Repairs & Replacement

We clarify which repair or replacement costs you can claim—on a like-for-like basis—and help avoid unallowable upgrades.

Like-for-like basis but not upgrade

When renting a property there is a lot of interpretation around the reliefs available to the landlord. One of these is for repairs and replacements on a like-for-like basis, so it is important to understand what HMRC allows and what it frowns upon. 

Up until 5 April, 2016 landlords of furnished residential property were able to claim a ‘wear and tear’ allowance of 10% of the net rental as a deduction for income tax purposes. This has now been abolished and replaced with a like-for-like replacement scheme. 

 It only applies to long-term rental properties as holiday lets are covered elsewhere using capital allowances. Also, be aware that if you upgrade something like a washing machine to a washer-dryer, you can only claim for the price of a washing machine as a washer dryer is classed as an upgrade. 

However, with the replacement of fixtures, for expenditure on items not included as domestic items, it may be possible to claim tax relief on the basis that the expenditure is a repair. 

Understanding property repairs and replacements and what you can and cannot claim is a grey area. Essendon Tax can give you expert guidance when trying to decide. 

Book a meeting to discuss your requirements

Don’t just take our word for it

See what our customers have to say about us

“A modern Proactive Accountancy Practice that CARES about their clients and businesses.”

Kath

“Amazing accountants!

Very knowledgeable, proactive and customer focused.

Highly recommended!”

Steve

“The team at Essendon have been fantastic not just on a personal basis but also for my new business across a broad spectrum of tax issues. They have dealt with them professionally and quite often taken the burden and stress of dealing with tax out of the equation, part of this is their friendly approach and willingness to listen and understand your situation.

I have no hesitation in recommending Helen and Essendon Accounts once again, a big thank you for all your help.”

Pete

“I have used a few accountants over the years of running several (and multiple) businesses and I have to say that I have never come across an accountant as personable, approachable and compassionate as Roger.

Nothing fazes him, however messy or chaotic affairs maybe, he takes control, has solutions and totally takes away all worries and concerns and simply and calmly deals with matters in hand. His expert team are a complete asset to any individual or business and I would never hesitate in recommending his full and personal able services.”

Mandy

“We wanted to express our thanks and appreciation for the work by Gemma and your team. We have been extremely happy with the service since becoming clients at Essendon.

The service, communication, accuracy and ease of doing business has been first class and we certainly feel we receive great value for money.”

Stuart

“Crafti’s will be celebrating our 10th anniversary next April and over the past 8 years, during which time the business has experienced significant growth, we’re pleased to have been working with Roger at Essendon, who has been fabulous in every way. We wouldn’t use anyone else and feel in very safe hands with Roger who really understands our business.

We look forward to celebrating our 10th anniversary next year with Essendon!”

Suzanne

Crafti

“Roger and the team offer a fantastic service and as a new start up business their support is priceless. Nothing is too much trouble and they are always there to help me with my many questions. 5 star service that I always recommend!

Thank you Essendon.”

Samantha

“Roger has been my accountant for many years. The team at Essendon are extremely helpful, nothing is ever too much trouble.

Whenever I meet with Roger to review my accounts he always talks in ‘layman terms’, not complicated accountancy terms, which tend to cause confusion!”

Ann

“Helen Beaumont at Essendon has handled our UK tax returns for many years. She and her staff are thorough, responsive and professional. We are dual nationals with The US and she has been able to handle those complexities without trouble.

Very pleased.”

Lesesne Family

“The knowledge and experience of the whole Essendon team is exceptional and I wouldn’t use any other accountants for my business now.

So glad I found them.”

Steffi

“Roger is a gentleman, very helpful, very professional. I would not hesitate to recommend.”

Dominic

“Essendon has provided me with excellent support at all times. Nothing is too much trouble and all their work is carried out efficiently and accurately.

I value their networking skills and their regular information emails.”

Linda

Start your journey with Essendon Accounts & Tax today

Call us on 01908 774320, send an email to enquiries@essendonaccounts.co.uk or fill out the form below: