Until 5 April 2016 landlords renting out a furnished property were allowed to make a deduction of 10% of net rent (rent less rates) against their rental profits for Wear & Tear Allowance.
From 6 April 2016 (the tax year 2016/2017) this Wear & Tear Allowance is now abolished. This wear & tear allowance reflected the use of things like furniture, furnishings & kitchenware and could be claimed as a flat rate each year regardless of actual spending.
As of 6 April 2016, although this allowance is abolished, landlords are now able to claim for the costs of any actual replacements they made. So, for example, the replacement of a bed, sofa or pots & pans.