Maoilseachlainn
Registered User
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- 3
I know nothing about money, so here's my question:
Two neighbours (A&B) are in a legal tussle with a third.
A is a PAYE payer and lives in their home.
B is renting their property.
Costs are €12,000 divided equally between the two.
Can someone put a figure on what seems like it might be a large disparity:
"A" pays the legal fees after paying PAYE.
"B" pays the fees and claims it against rental income.
In other words: If "A" pays *after* tax, and "B" pays *before* tax, is there not a significant net benefit to "B"?
Please, no descent into the thickets of detail here. Just a general view of the issue.
Thanks.
Two neighbours (A&B) are in a legal tussle with a third.
A is a PAYE payer and lives in their home.
B is renting their property.
Costs are €12,000 divided equally between the two.
Can someone put a figure on what seems like it might be a large disparity:
"A" pays the legal fees after paying PAYE.
"B" pays the fees and claims it against rental income.
In other words: If "A" pays *after* tax, and "B" pays *before* tax, is there not a significant net benefit to "B"?
Please, no descent into the thickets of detail here. Just a general view of the issue.
Thanks.