Yes, petrol/diesel for journeys to and from the premises in connection with the upkeep etc are allowed.
Keep a log of dates, mileage travelled and use a suitable mileage rate (see revenue.ie)
Yes, petrol/diesel for journeys to and from the premises in connection with the upkeep etc are allowed.
Keep a log of dates, mileage travelled and use a suitable mileage rate (see revenue.ie)
There is a cost involved in travelling to collect rent, but whether revenue will allow it is another matter. Landlords who do work (repairs) on their rental property are not allowed to deduct their own labour as a cost. That's an example of a real cost but it's not allowed.No way that claiming a mileage rate is going to fly - if a sole trader can't claim mileage then there's no way a landlord is going to be allowed it.
I don't really see how any travel costs for a landlord can be allowed - surely the place of business for the letting of a property, is the location of the property being let?
No way that claiming a mileage rate is going to fly - if a sole trader can't claim mileage then there's no way a landlord is going to be allowed it.
I don't really see how any travel costs for a landlord can be allowed - surely the place of business for the letting of a property, is the location of the property being let?
Have you ever seen a claim for this type of expense being allowed in a Revenue audit?
Don't get this about the electronic transfers, revenue cannot tell you how to run your business?2) Mileage only claimed for trips relating to specific trips in relation to maintenance (not collecting rent as Revenue will obviously argue the use of EFT). This is the managing of the property
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Yes i have seen it allowed (on a concessional basis) but i should qualify this:
1) Mileage rate doesnt mean civil service rate, it would be at a much lower level
2) Mileage only claimed for trips relating to specific trips in relation to maintenance (not collecting rent as Revenue will obviously argue the use of EFT). This is the managing of the property
3) As already said detailed records are required.
So long as you arent trying to claim unrealistic expenses - such as 2*visits a week * 52 weeks a year * civil service rate - revenue are generally fair.
Ah, ok I take your point, and I'd have no problem concessionally allowing a reasonable amount if I was auditing a case, but equally if I knew the guy was a chancer or tearing the This post will be deleted if not edited to remove bad language out of it, I'd have no problem disallowing it. I'd still rather just see a few petrol/diesel receipts though, rather than a mileage rate.
I'm surprised to hear about this. What about properties which are abroad via a flight or ferry with car or even a drive across the border to the 6 counties ?
If you can prove that an expense is wholly and exclusively incurred in the furtherance of the trade, then you'll be allowed it.
the advice was not to as revenue don't like it and they might audit me so I never did charge it. It's a grey area as are so many areas with being a landlord and revenue.
Whats the downside of being audited if you believe everything is above board ?
Is there not an upside in that it wont happen again anytime soon ?
Whats the downside of being audited if you believe everything is above board ? Is there not an upside in that it wont happen again anytime soon or do revenue audit people again and again?
... Landlords who do work (repairs) on their rental property are not allowed to deduct their own labour as a cost. That's an example of a real cost but it's not allowed.