galleryman
Registered User
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- 168
This is my first time renting out a property.
I will be renting fully furnished.
I understand that I can write down the value of fixtures and fittings etc at a rate of 12.5% per Yr over 8 yrs for wear N tear.
My questions is this, what value can I put on the furniture and Kitchen, and white goods, etc?
Some furnishings are very new, some are 8 yrs old already but were very expensive 8 yrs ago and would still be worth a lot of money, e.g. Wardrobes that cost €1,000 each 8 yrs ago. We paid €10,000 for a new kitchen 3 yrs ago etc etc.
Where can I find the rules for what is excluded from the wear n tear list, and how I go about placing a value on the fixtures and fittings/contents at the start of a Renting period?
Thanks.
I will be renting fully furnished.
I understand that I can write down the value of fixtures and fittings etc at a rate of 12.5% per Yr over 8 yrs for wear N tear.
My questions is this, what value can I put on the furniture and Kitchen, and white goods, etc?
Some furnishings are very new, some are 8 yrs old already but were very expensive 8 yrs ago and would still be worth a lot of money, e.g. Wardrobes that cost €1,000 each 8 yrs ago. We paid €10,000 for a new kitchen 3 yrs ago etc etc.
Where can I find the rules for what is excluded from the wear n tear list, and how I go about placing a value on the fixtures and fittings/contents at the start of a Renting period?
Thanks.