RENTAL INCOME – CLAIMING INTEREST ON BORROWINGS AS A RENTAL EXPENSE

It may be possible to claim interest payable on your rental property as a rental expense.   Interest on money borrowed to purchase, improve or repair let property is deductible as a rental expense in computing your rental income for tax purposes. It is restricted to 75% of the interest accruing. From 1st January 2016, … Read moreRENTAL INCOME – CLAIMING INTEREST ON BORROWINGS AS A RENTAL EXPENSE

NON PRINCIPAL PRIVATE RESIDENCE CHARGE 2014 PENALTIES

The Non Principal Private Residence Charge (NPPR) was introduced by The Local Government (Charges) Act 2009. It imposed a €200 annual charge on non principal private residences,payable by the owners to the local authority in whose area the property concerned is located. With the introduction of the Local Property Tax in 2013 the NPPR charge … Read moreNON PRINCIPAL PRIVATE RESIDENCE CHARGE 2014 PENALTIES