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  1. J

    Caravan cartel?

    Hi folks. A friend of mine and many other people who have caravans in various caravan parks in West Clare seem to be put under pressure by the park owner to buy new caravans. Unfortunately my friend and many others have no choice to shop around for the best deal as they are required to buy the...
  2. J

    Public liability insurance

    Hi all. I have a question on this. I am a forced landlord and in a message to all residents the management company said landlords should have public liability insurance, in case a tenant has an injury in your place. I checked this with the RTB and they said landlords just need building...
  3. J

    Forced landlord, not doing what I should be

    Some people have said getting an accountant that deals with this on a daily basis. So that's what I will do but trying to bring it up to as near complete as I can first and hopefully the accountant will be able to add some value and shine light on a few things or mistakes I have made...
  4. J

    Forced landlord, not doing what I should be

    Like doors and things like that. But I though that would be classed as fittings, maybe I'm wrong on that. Thanks cremeegg. Not 100% sure renter45 but Bronte was saying Revenue take a reasonable view and would not look for receipts for everything. Although of course I wont even have receipts for...
  5. J

    Forced landlord, not doing what I should be

    Capital Allowances (wear & tear) Entrance and stairs 0 Living Room Sofa 500.00 TV 400.00 Table 200.00 Satellite 200.00 Kitchen Sofa 400.00 Table 800.00 Music equip 150.00 Kitchen fittings (sink, cupboards)...
  6. J

    Forced landlord, not doing what I should be

    Next time I see my friend who is telling me all this incorrect info will get a harsh word in his ear nonetheless. Bronte: Thanks for advice. Trying to make a good stab at the Cap All W&T stuff, checking to see what is allowable. Will get on it. Spent a lot of free time today looking through...
  7. J

    Forced landlord, not doing what I should be

    BER guy / friend cancelled. Saving of 125. Tenants told to put duvet on hot water tank. Grand
  8. J

    Forced landlord, not doing what I should be

    Thanks all, I thought you needed BER for RTB registration. Good info.
  9. J

    Forced landlord, not doing what I should be

    It is Jim,BER is the energy rating. I thought I needed that to register with RTB, I will ask them to confirm but pretty sure its needed. Gonna get it done either way as I've asked an old friend to do it for me who works in that area. You've reminded me Jim I need to put BER and RTB registration...
  10. J

    Forced landlord, not doing what I should be

    I will do that Bronte. RTB underway. Need to get BER which is in process. Better late than never...
  11. J

    Forced landlord, not doing what I should be

    Thanks Jim, noted that point. I will try do as much of that as I can to make sure I have answers if they need.
  12. J

    Forced landlord, not doing what I should be

    The negative equity generation
  13. J

    Forced landlord, not doing what I should be

    Yes aristotle I am claiming capital allowances (wear & tear) and it is part of other expenses or other deductions I should probably call it. Elacto I have been paying 22 or so a month mortgage life insurance since I got the property. Management fee is 1000 per annum. I hear you cliqueentour, I...
  14. J

    Forced landlord, not doing what I should be

    2013 Rental Income 2,700 Mortgage interest deduction 2,200 500 Other expenses 1,229 Rental profit / (loss) -728 Losses carried forward 0 Total profit / (loss) -728 Tax rate 20% 0.2 2014 Rental Income 10,800 Mortgage interest deduction 8,735 2,065 Other expenses 2,314 Rental...
  15. J

    Forced landlord, not doing what I should be

    Yes I can back date my registration with RTB, they confirmed this thankfully.
  16. J

    Forced landlord, not doing what I should be

    Yes lesson learned. I guess a lot of people are in a similar boat. I will sort it.
  17. J

    Forced landlord, not doing what I should be

    I hear you Bronte, I hear you.
  18. J

    Forced landlord, not doing what I should be

    Property is in Limerick Bronte, rents are high there too and my current tenants are getting a very good deal which they know and they have stayed there a long while. Lease agreement is up in March so I may put it up, need to give them notice too so will make call soon.
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