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Income Tax Losses Question

Torres999 · 2016-09-29 09:30:15

Hi there, I have a question on income tax losses regarding rates. If there is a property and the rates are say 20k a year. Can you claim a deduction for this even if the rates are not paid? If the rates are outstanding for say 2-3 years can you still claim a deduction in the year?

29-09-2016 9:30am

#1

Torres999

Registered Users, Registered Users 2 Posts: 186 ✭✭

Join Date: June 2013

Posts: 148

Hi there,

I have a question on income tax losses regarding rates.

If there is a property and the rates are say 20k a year. Can you claim a deduction for this even if the rates are not paid?

If the rates are outstanding for say 2-3 years can you still claim a deduction in the year?

0

Comments

#2 29-09-2016 10:11am

gerrybbadd

Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭

Join Date: January 2008

Posts: 9587

Torres999 wrote: »

Hi there,

I have a question on income tax losses regarding rates.

If there is a property and the rates are say 20k a year. Can you claim a deduction for this even if the rates are not paid?

If the rates are outstanding for say 2-3 years can you still claim a deduction in the year?

If you haven't paid the rates, you don't have a loss with regard to rates paid.

0