Apartment Management Fees Tax Deductible?

paulers06

Hi All

Sure this must have been answered a hundred times but did a search and couldn't find anything recent. Are apartment management fees - pay for insurance, bins, general maintenance etc deductible for income tax? Coming from a landlord perspective.

Thanks!

Gumbo

paulers06 wrote: »

Hi All

Sure this must have been answered a hundred times but did a search and couldn't find anything recent. Are apartment management fees - pay for insurance, bins, general maintenance etc deductible for income tax? Coming from a landlord perspective.

Thanks!

Yes, as far as I'm concerned.

Baby01032012

kceire wrote: »

Yes, as far as I'm concerned.

Of course, why would there even be a question.

It is an expense of having the apartment which is borne by the landlord. There are only a couple of direct expenses that are not allowable ie property tax as it is a tax, also mortgage interest is limited to 75% of interest ( not the mortgage repayment ).

athtrasna

Baby01032012 wrote: »

Of course, why would there even be a question.

It is an expense of having the apartment which is borne by the landlord. There are only a couple of direct expenses that are not allowable ie property tax as it is a tax, also mortgage interest is limited to 75% of interest ( not the mortgage repayment ).

As a landlord yes, as an owner occupier no (but you get a tiny tax relief on the refuse portion of the fee). Always infuriates me when landlords don't pay their fees while us owners struggle to pay ours.

SarahMollie

athtrasna wrote: »

As a landlord yes, as an owner occupier no (but you get a tiny tax relief on the refuse portion of the fee). Always infuriates me when landlords don't pay their fees while us owners struggle to pay ours.

Do you have the info on how an owner occupier can claim back the tax for the refuse portion of the fee?

quadrifoglio verde

athtrasna wrote: »

As a landlord yes, as an owner occupier no (but you get a tiny tax relief on the refuse portion of the fee). Always infuriates me when landlords don't pay their fees while us owners struggle to pay ours.

Slap a few clamps on tenants whose landlord hasn't paid and quite quickly they'll pay up

Hollister11

Yes. Every expense associated with the house is tax deductible.

relax carry on

SarahMollie wrote: »

Do you have the info on how an owner occupier can claim back the tax for the refuse portion of the fee?

No longer possible. It's gone for years.

SarahMollie

quadrifoglio verde wrote: »

Slap a few clamps on tenants whose landlord hasn't paid and quite quickly they'll pay up

This actually happened to me when I was a tenant a few years ago. The OMC revoked the parking permits for the units where the fees hadnt been paid. I'd been paying my rent as due, but the LL was up to his neck, and was in the UK so we were only dealing with an agency. I wasnt notified, and just went to go to work one morning and found that my car was clamped.

I subsequently deducted €100 from my rent and hoped this would spark some action, but weirdly nothing was ever said. The agent rang me once and said i really shouldn't be withholding the money, but didnt seem to push it, so I kept withholding, even though it became apparent I was never getting my permit back and had to park outside on the street, because the LL simply didnt care.

Pretty sure the only time that OMC is getting its arrears is when he's eventually forced to sell.

I'm glad I at least gave myself a rent reduction This went on for about 8 months and I eventually moved out.