Pre letting expenses & residential landlords – Budget 2018

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To encourage residential property owners to offer vacant properties for rent, Budget 2018 introduces a new allowable deduction for pre-letting expenses.

If the residential property has been vacant for 12 months or more, the owner can claim up to €5000 in pre-letting expenses per property.  The expenditure must be revenue in nature – for example, repairs and maintenance.

If the property is withdrawn from the ...

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Budget 2018 summary

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For a summary of the changes following Budget 2018 click here

The main changes in your pocket will be:

  • Self employed tax credit – increased to €1,150 (up €200 from €900)

 

  • Standard rate band – increased by €750 per annum.  A single worker will now have a standard rate cut off point of €34,550 & a married worker may have a standard rate cut off ...
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