Depreciation of rental property

[Squibbs]

Hello.
Since our parents died my wife and I have rented their properties out, our inheritance, to boost our pension, We do our own tax returns putting in income and deducting expenses etc. and pay what the taxman says. Last month I was asked if we claim 'depreciation' on the properties. We had never heard that this could be done.
Is it aloud?. And if so, what percentage of the property can we claim? Lastly, can we claim for previous years?
I look forward to your replies.
Thank you.
Squbbs.

[AdamS93]

No you cannot claim tax relief for 'depreciation' of your properties.

If (unlikely) your properties fall in value, you will get relief from capital gains tax when you sell the property.

I think it may be wise to engage an accountant. For simple rental property accounts and your tax return the fees should be no more than £200-£250 and you will probably save that in tax.

[Squibbs]

Thank you Adam.