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Reclaim rent in taxes?

  • 15-07-2010 12:53pm
    #1
    RobBaxter
    Registered Users, Registered Users 2 Posts: 265 ✭✭


    Hi guys,

    I was wondering if you rent a house can you claim some tax back from the government or have a bigger tax free allowence or anything?

    I pay my landlord cash in hand (he is a good friend). Doesn't go through the books or anything but I was wondering if it was all "official" - for want of a better word - would it be of any monetary benefit to me?

    It would probably be worth mentioning that I have a property and have to pay tax on the rent that I recieve from my tennants. Can I write some of it off on the rent that I am paying and thus pay less tax???

    Cheers,
    Bobby


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