The difference between the replacement of domestic items relief and wear and tear relief.
The replacement of domestic items relief was introduced as a replacement to the previous legislation known as wear and tear relief. The critical difference between the old Wear and tear relief and the new replacement of domestic items relief is that the older system was only available for furnished lettings. The new legislation is not as restrictive as the prior relief, with the further relief available for all properties.
 

The difference between the replacement of domestic items relief and wear and tear relief.
The replacement of domestic items relief was introduced as a replacement to the previous legislation known as wear and tear relief. The critical difference between the old Wear and tear relief and the new replacement of domestic items relief is that the older system was only available for furnished lettings. The new legislation is not as restrictive as the prior relief, with the further relief available for all properties.
 

Are you looking to outsource your payroll to our expert payroll accountants? Our Isle of Wight payroll service team can run your business' payroll for you. 

Are you looking to outsource your payroll to our expert payroll accountants? Our Isle of Wight payroll service team can run your business' payroll for you.