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Allowable items for rental tax relief

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  • 18-09-2019 9:25pm
    #1
    kennedmc
    Registered Users Posts: 115 ✭✭


    Hi I'm aware of the 12.5% allowed on depreciation but what about maintenance costs before rental?

    I rented out my place in April but got some work done to the kitchen in March - resurfacing the cupboards etc to ensure it would be good for new tenants. Spent around €1000. Can I claim this back?

    Thanks
    Mark


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    #2
    Gumbo
    Moderators, Society & Culture Moderators Posts: 38,436 Mod ✭✭✭✭Gumbo


    Pre rental expenditure cannot be off set I believe.
    Have you asked tour accountant?

    I recommend you use one for at least the first year return. Their fee will save you lultiples of this and their fee is fully tax deductible.


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    #3
    kennedmc
    Registered Users Posts: 115 ✭✭kennedmc


    kceire wrote: »
    Pre rental expenditure cannot be off set I believe.
    Have you asked tour accountant?

    I recommend you use one for at least the first year return. Their fee will save you lultiples of this and their fee is fully tax deductible.

    Cheers. Not yet but I do have one lined up.

    THanks


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    #4
    sunnysoutheast
    Registered Users Posts: 2,072 ✭✭✭sunnysoutheast


    kennedmc wrote: »
    Cheers. Not yet but I do have one lined up.

    THanks

    You might be able to claim this as an improvement against any eventual capital gain when/if you sell. Worth chatting to the accountant about it, sorry I don't know the details of what is and isn't allowed as we never did it.


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    #5
    Edgware
    Registered Users Posts: 5,875 ✭✭✭Edgware


    sunnysoutheast wrote: »
    You might be able to claim this as an improvement against any eventual capital gain when/if you sell. Worth chatting to the accountant about it, sorry I don't know the details of what is and isn't allowed as we never did it.
    Keep a record of every single bit of expenditure. The mention of the capital gain above is one a lot of landlords forget about


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