Hi, I wonder if anyone knows how holiday lets are treated in terms of self assessment? I have heard that these are treated as a separate "trade" on the tax return rather than going under the Irish Rental Income section - much the same way as the UK does - but can't find anything about it on the revenue.ie site. If a group of properties are available year round for holiday lets (no long term letting) and not used for personal use, I presume because this is "commercial" rather than residential letting it can go under a trade???
If so, can the cost of the property be offset or any other benefits doing it this way?
Any advice appreciated thanks!