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Irish rental income

What expenses are not allowed?

You cannot 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. However, certain pre-letting expenses on vacant residential property may be deductible.
  • 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 between lettings where the landlord occupied the property prior to a new lease being signed.
  • Interest from the time you buy the property up until it is first rented out.
  • Local Property Tax (LPT).
  • or
  • Any cost for your own labour when carrying out repairs to the property.

Next: How do you calculate your taxable income?

Published: 14 February 2025 Print this page

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