A
Aiden
Guest
Hi all,
I am a final year student who recently inherited a house which I am renting out. As I am a student I have no other income. It is most probable that I will be a student for another two years and thus will have no other income other than the rent which is about €500 per month.
At present, some necessary rennovations are being carried out on the house including putting in new windows and door to the rear and some remedial works to the plumming. The total cost will be about €7000.
As I have no money, my parents are providing me with an interest free loan.
Can I set these costs against rental income in the future and how?
Can I get back the VAT I pay and how?
All help will be gratefully appreciated.............
Aiden
I am a final year student who recently inherited a house which I am renting out. As I am a student I have no other income. It is most probable that I will be a student for another two years and thus will have no other income other than the rent which is about €500 per month.
At present, some necessary rennovations are being carried out on the house including putting in new windows and door to the rear and some remedial works to the plumming. The total cost will be about €7000.
As I have no money, my parents are providing me with an interest free loan.
Can I set these costs against rental income in the future and how?
Can I get back the VAT I pay and how?
All help will be gratefully appreciated.............
Aiden