Glossary · Property
Allowable rental expenses
Costs a landlord can deduct from rent.
Repairs and maintenance, insurance, management fees, Residential Tenancies Board (RTB) registration, accountancy and mortgage interest on a residential let registered with the RTB are deductible. Local Property Tax, capital improvements and mortgage capital aren't. Furniture and fittings are claimed as wear and tear.
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Related terms
Rental income · Wear and tear allowance
All terms · General information, not tax advice.