Irish rental income

What expenses are not allowed?

You can not deduct the following expenses when you are calculating your rental profit or loss:

• pre-letting expenses, other than property fees before you first rented out the property
• post-letting expenses
• capital expenses on property improvements unless allowed under an incentive scheme
• expenses on premises rented out on an uneconomic basis, where it is not possible to make a profit from the rent received
• expenses in between renting out the property in certain circumstances
• interest from the time you buy the property up until it is first rented out
• Local Property Tax (LPT)
• any cost for your own labour when carrying out repairs to the property.

Next: Rental profit and losses