Quote:
Originally Posted by gary12
Someone may correct me and please do however I understand that you can claim a percentage (10) I think against wear and tear and also some sort of tax incentive,
best wishes Michelle
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Michelle, you can only offset against tax the 10% for wear and tear if your property is furnished. No tax incentive that I am aware of, although if you do not already do a tax return you will if you start letting your property.
Not sure exactly how it works, but if the exchange rate gets much worse I might consider continuing to let my house as it is now rather than selling it and buying in Oz.
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Take care all, remember these are just my opinions and I will still love you if you don't agree!
Imp, Mrs Imp, 2 little Imps and Max the Spaniel