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Replacement of domestic items relief: Tips and traps

Shared from Tax Insider: Replacement of domestic items relief: Tips and traps
By Meg Saksida, July 2021

Meg Saksida goes back to basics and explains this important relief for residential property landlords. 

It does not matter whether a landlord is using the cash basis or the accruals basis; the initial purchase of domestic items and furnishings in a residential property is not available to be offset against the landlord’s rental income for tax purposes. This is confusing for many landlords, who can sometimes incorrectly assume that all purchases used ‘wholly and exclusively’ for the property are tax-deductible.  

However, when the white goods, furnishings or other domestic items are replaced, it is a different story, and a tax deduction is possible. For residential landlords, this is available through the replacement of domestic items relief (RODIR), which is found in the tax

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