E elainem Registered User Messages 611 29 Mar 2013 #1 Hi! I am spending about 15k doing up two properties, and am wondering is PRSI based on gross rental income or on profit? Thanks.
Hi! I am spending about 15k doing up two properties, and am wondering is PRSI based on gross rental income or on profit? Thanks.
J Joe_90 Registered User Messages 2,222 29 Mar 2013 #2 PRSI is calculated on profit less capital allowances. It's a separate question whether "doing up" is a revenue or capital expense.
PRSI is calculated on profit less capital allowances. It's a separate question whether "doing up" is a revenue or capital expense.