• Furniture Costs: You can claim 12.5% per year on the cost of furniture and fittings for up to 8 years (e.g., beds, fridges).
  • Ongoing Maintenance: Tax relief can be claimed for necessary repairs (e.g., plumbing, painting). These are considered revenue expenses and reduce taxable rental income.
  • Important: Improvements or enhancements are not deductible, but you may qualify for capital allowances on major upgrades.