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.
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