if I paid insurance for a year 6 months before the tenancy ended, can I claim relief on the full premium or just 50% of the premium?
The key difference in my case is that I’m selling, not starting a new tenancy. Expenses between successive rentals are allowed.Tenants vacate in March.
Property redecorated in April.
New tenancy starts in May.
I expect to claim the full insurance premium against my total rental for the year. Not 11/12ths of the premium.
Thanks! Great example.For the purposes of calculating the deductible insurance expense for 2024 for income tax purposes, apportion by the number of months the property is let, so therefore it's €583 x 6/7 = €500.
This is incorrect.IANATE
All your expenses are applied to all your rental income for the year. Its not pro rata
Ah to be fair, the first bit was correct - they are not a tax expertThis is incorrect.
Mindboggling how many hapless Have A Go Heroes we have around here.Ah to be fair, the first bit was correct - they are not a tax expert
See post no. 4 in reference to voids.Mindboggling how many hapless Have A Go Heroes we have around here.
This query clearly doesn't relate to a void.See post no. 4 in reference to voids.
Inappropriate.Equally mindboggling the number of key board warriors we have.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?