10% Wear and Tear Allowance - Calculating the net rent

Hi

I am the leaseholder of a UK furnished flat in a block of flats.
I let the flat on an AST to a tenant who pays the rent, the utilities, and
the rates.
I pay the service and management charges, the ground rent, insurance, and
maintenance.

The SA105 Notes explain that "The wear and tear allowance is equal to 10% of
the net rents after deducting charges
or services that a tenant would usually bear but which are, in fact, borne
by you (such as Council Tax)."

Where can I get a full list of the charges or services a tenant would
usually bear ?
In particular, which of my expenses, i.e. the service and management
charges, the ground rent, the insurance,
and the maintenance charges, would a tenant normally pay, for the purposes
of calculating the net rent ?

Also, I have an apartment in Portugal that I let out for holidays. Guests
pay an all inclusive rent for their stay.
I pay condominium charges, insurance, all utilities, and maintenance and
management costs.
Which of these expenses should I deduct from the gross rent in order to
arrive at the net rent for the 10% wear and tear allowance?

Many thanks
Malcolm


.

Relevant Pages

  • Re: Agent pockets rent, doesnt pay landlord
    ... But his statement of account is missing December's payment and, of course, January's will be due by that date. ... we will get the gross rent directly from the tenant and then he bills us for his "service". ... the "Superior Management Service" that we are paying for which states he will collect rent, deduct his fee and then pay us the balance within 10 days. ...
    (uk.legal)
  • Re: 10% Wear and Tear Allowance - Calculating the net rent
    ... Where can I get a full list of the charges or services a tenant would ... charges, the ground rent, the insurance, ... and the maintenance charges, would a tenant normally pay, for the purposes ...
    (uk.business.accountancy)
  • Re: Renting out primary residence
    ... >If I were to rent out my primary UK residence for 1 year (I have no other ... >tax - do the people renting it from me pay it - and what about other bills? ... Tenant pays: ... You pay: ...
    (uk.finance)
  • Re: OT: Anyone a landlord?
    ... >snorting the rent money up their nose. ... I can't say to a tenant "You have to pay the late fee because I see ... all I can do is enforce the terms of the contract. ...
    (sci.med.transcription)
  • Re: OT: Anyone a landlord?
    ... >>that the current month's rent is racing to the mortgage company for the ... > Regardless of whether I pay the late fee to the lender or take the ... about folks who may get paid on the 1st, and their rent is also due on the ... tenant with excessive late fees and risking getting a really rotten tenant ...
    (sci.med.transcription)