Cityliving
Registered User
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- 125
Hey there,
This is my first year of being a landlord (started in March of this year). I understand that the tax year operates from Jan to Jan now but when am I supposed to submit my tax details to the revenue as a landlord.
Also a couple of questions have turned up:
My tenants have had to leave after 6 months so my new tenancy term will begin very soon and I have a number of significant expenses which I must take on board before the new people arrive which I believe can be taken off my tax for the year as I am beginning a new tenancy?
Also things like 12.5% reduction as wear and tear wil it be 12.5% * (9months/12months) as in not the full amount as I have not been present for the full year?
As there a number of further outstanding issues I may get a professional to do it but I would llike to learn something about it too and not just get it done. Also could anyone give a recommendation as to the cost of an accountant in this regard and additionally recommend where to find property specific accountants.
With thanks
This is my first year of being a landlord (started in March of this year). I understand that the tax year operates from Jan to Jan now but when am I supposed to submit my tax details to the revenue as a landlord.
Also a couple of questions have turned up:
My tenants have had to leave after 6 months so my new tenancy term will begin very soon and I have a number of significant expenses which I must take on board before the new people arrive which I believe can be taken off my tax for the year as I am beginning a new tenancy?
Also things like 12.5% reduction as wear and tear wil it be 12.5% * (9months/12months) as in not the full amount as I have not been present for the full year?
As there a number of further outstanding issues I may get a professional to do it but I would llike to learn something about it too and not just get it done. Also could anyone give a recommendation as to the cost of an accountant in this regard and additionally recommend where to find property specific accountants.
With thanks