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Rental Income query

LFC Murphy · 2013-08-27 21:19:04

Hi, I am trying to get my returns in early this year and have been using the landlord calculator http://www.irishlandlord.com/index.aspx?page=calculators_taxestimation But just have a query regarding how accurate it is, plus how to calculate Losses carried forward from previous year. Is it a. rental income minus total…

27-08-2013 9:19pm

#1

LFC Murphy

Registered Users, Registered Users 2 Posts: 825 ✭✭✭

Join Date: September 2005

Posts: 717

Hi,

I am trying to get my returns in early this year and have been using the landlord calculator

http://www.irishlandlord.com/index.aspx?page=calculators_taxestimation

But just have a query regarding how accurate it is, plus how to calculate Losses carried forward from previous year.

Is it
a. rental income minus total mortgage payments plus allowable expenses or
b. rental minus 75% interest plus allowable expenses

Made a huge loss in 2012 so I'm praying it's point a.

Thanks

0

Comments

#2 27-08-2013 9:52pm

Alan Shore

Registered Users, Registered Users 2 Posts: 735 ✭✭✭

Join Date: May 2010

Posts: 734

It's b. 75% of the interest if you are registered with PTRB.

0