10:32 AM, 14th August 2015, About 8 years ago 16
After chatting with a BTL colleague, I’m fairly sure this is unethical and possibly illegal, but I doubt there will be any real repercussions.
– My colleague became a first time BTL landlord earlier this year
– Advertising and offering unfurnished property
– Self Assessment tax return will include personal residence receipts for furnishings to benefit from Wear & Tear allowance
– Next year will continue the same and buying new items for personal residence and continuing to claim W&T
I doubt the tax man will check if the BTL property was being advertised as furnished or not…so I presume no repercussions in reality.
Throwing it there as I am curious if my colleague is correct.