Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Form 12 - Rental Income

  • 03-09-2015 1:31pm
    #1
    All in all
    Registered Users, Registered Users 2 Posts: 434 ✭✭


    Hi,
    Any help appreciated.

    2014 was the first year I rented out a house. There was approx. €5k of capital expenditure (which I have receipts, invoices, etc)

    When I am completing the Form 12 capital allowances section;

    Capital Allowances brought forward from a prior year - €0?
    Capital allowance used against rental income in 2014 - €625
    Capaital allowances available for carry forward or offset - €4375?

    Can anyone tell me if above looks correct?


Comments

  • #2
    prettyrestless
    Registered Users, Registered Users 2 Posts: 444 ✭✭prettyrestless


    Should be:

    Capital Allowances brought forward from a prior year - €0
    Capital allowance used against rental income in 2014 - €625
    Capaital allowances available for carry forward or offset - €0

    The last one refers to capital allowances in the current (or previous) years that weren't utilized and are available to carry forward. It would be wrong to include the current twdv of your capital items.


Advertisement