Taken from http://www.reuters.com/article/2012/04/04/us-personalfinance-realestate-landlords-idUSBRE8330T720120404 The first call my husband and I made after closing in March on a two-family house in Brooklyn, New York, was to a rental agent. We were becoming landlords and we wanted to get tenants into the ground-floor apartment before our first mortgage payment was due. After hearing throughout the housing downturn [...]
When preparing tax returns I often have to remind my clients that they may not be claiming for all allowable expenses against their rental income. I have prepared a checklist which may assist landlords in ensuring they are claiming for everything they should. Remember all expenses should be wholly and exclusively for the business purpose [...]
It has come to my attention that the Revenue Commissioners are taking the view that this €200 charge is not deductible in calculating tax on any rental income from the property. Double taxation?
Fiddaun
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Galway
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