MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • What Expenses Can I Claim on My Property?
Uncategorized
Feb 25, 2004 - 09:00

What Expenses Can I Claim on My Property?

MyHome.ie
By MyHome.ie
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
What Expenses Can I Claim on My Property?
What Expenses Can I Claim on My Property?

Your tax liability for rental income is calculated as the Rental Income less Allowable Rent Expenses.  So what expenses are allowable?

Generally, expenses incurred that are exclusively relating to your property and are not a capital expenditure can be claimed.  This is best examined by looking at the main allowable rental expenses.

Allowable Rental Expenses

The most common allowable rental expenses are below.  However, you may have other expenses that are allowable, so keep records and cheap with an accountant/tax professional before you submit your returns

  • Ground rent or rates payable on the property
  • Water, sewerage or bin costs that are paid by you the landlord
  • Cost of any service, such as phone line rental paid by the landlord and not reimbursed by tenants.
  • Home insurance, management fees and costs of maintenance and repair
  • Legal and accounting fees relating to the rental of the property
  • Interest incurred on loans for the purchase, improvement or repair of the property is generally allowed, but this should be reviewed on a property by property basis.
  • Most Mortgage Protection policies since 2002.
Advertisement

Changes in allowable mortgage interest in 2009

With regards to loan interest, Interest accruing on or after 7 April 2009 on borrowings used in the purchase of rented residential property will now be restricted so that only 75% of that interest can be set off as an expense against rental income.

Tax made easy at
www.RedOakTaxRefunds.ie

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

MyHome.ie
By MyHome.ie
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement