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 all,
Vanilla are planning an update to the site on April 24th (next Wednesday). It is a major PHP8 update which is expected to boost performance across the site. The site will be down from 7pm and it is expected to take about an hour to complete. We appreciate your patience during the update.
Thanks all.

declaring tenancy deposit on tax form

Options
  • 11-08-2018 5:28am
    #1
    beaufoy
    Registered Users Posts: 324 ✭✭


    Does the LL declare as income when the deposit is received and expence when paid back


Comments

  • Options
    #2
    DubCount
    Registered Users Posts: 1,065 ✭✭✭DubCount


    No.  Its not income.  Only if some/all of the deposit is retained against unpaid rent/repairs does it become income.
    Think of it like a loan, there is an expectation it will be repaid.


  • Options
    #3
    Glass fused light
    Registered Users Posts: 1,576 ✭✭✭Glass fused light


    Nope, it's not your money, just resting in your account, and hopefully if all goes well will be repaid back in full at the end of the lease.


Advertisement