Form 11 - which items comes under Point 206(e) Expenses?

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HMC

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Hello, first time filling in a Form 11. I might yet get an accountant!

Under Point 206(e), is this where I should enter a global amount for items such as house insurance, Daft ad, agent's fees etc.? I have the "Revenue Guide to Rental Income" on screen but their example of a rent account does not have fields which match those on the Form 11.
Thanks in advance for any help.
 
206e "other" - As this means all allowable expences other than in 206a, b,c or d, - yes, write a list of everything and put the total in 206e. Is there any item that you have doubts/questions about ?

Naturally keep the list -and receipts/proof-of-expenditure to back up the list -in the very small chance that you'll be audited.
In the case of a small error or a small expence that you should not have claimed the worst that happens is that Revenue will disallow it - despite rumours, they don't punish for small genuine errors or difference-of-opinions.

You're not Mick Wallace are you ?
 
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No, not Mick, nor a relation !
The items I intend to include under 206(e) are: Ad on Daft; Agent's fee; PRTB reg; house insurance; and BER cert.
I have an excel spreadsheet with everything itemised should Revenue come a knocking.
Thanks Oldnick for your help!
 
O.K.
.... and then you come to the depreciation or capital allowance stuff underneath-208. Stuff you bought depreciated at 12.5% p.a.
A bit of a drag in future years getting the annual figure exactly right ,especially when you buy different things, new things., when things break eaalry and you have to write off.
Always a subject of debate as to what is allowable as a fixture and what is a fitting and what is just an annual expence to be written down as one year cost. Small tiny things -like toaster -I tend to put as an expence, not a depreciable asset .Most accountants may disagree.

I'm waffling and running ahead with myself.
 
Are you sure you can claim PRTB reg fee as an expense? The tax office official told me no that you cannot but I notice an accountant had included it as an expense on a friend's rental income profit and loss a/c
 
Jano said:
Are you sure you can claim PRTB reg fee as an expense? The tax office official told me no that you cannot but I notice an accountant had included it as an expense on a friend's rental income profit and loss a/c
Click to expand...

Yes you can.

It's an expense of the property rental business you are engaged in. You can't legally rent the property without the PRTB registration so it's wholly and exclusively incurred for the purpose of the letting giving rise to the income. (As distinct from NPPR & Household charge, which apply regardless of whether the house is let or not.)
 
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