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Percy rents out a home fully furnished. The house does not qualify as a furnish...
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Percy rents out a home fully furnished. The house does not qualify as a furnished holiday letting. For the tax year 2023/24 his rental expenses are:
| £ | |
|---|---|
| Interest on loan to acquire property | 460 |
| Insurance | 600 |
| New conservatory | 5,100 |
| Replacement kitchen equipment | 200 |
How much can Percy claim as allowable expenses in calculating taxable property income in the tax year 2023/24?
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