Foreign Rental Income - Capital Allowances

[A2fan]

Can somebody advise re Capital Allowances on Foreign Rental Property.

Can you claim a full year's allowance for an asset that is in use at year end or only claim pro-rata for the months that the property was let, assuming that the owner has not occupied the property itself at any stage?

Thanks in advance

 

[mandelbrot]

Yes you'll be entitled to the wear & tear - foreign rental income, deductions and capital allowances are calculated and allowed no differently than for property in the State:

http://www.revenue.ie/en/personal/buy-sell/foreign-property/foreign-rental-income.html#section5