John is a landlord who had an awful tenant who caused €60,000 worth of damage to the house e.g. kitchen and bathroom smashed, walls damaged, driveway wrecked, electric ruined....
Would the expenditure be considered capital (written off against eventual CGT) or expenses that can be written off against annual rental profits?
Would the expenditure be considered capital (written off against eventual CGT) or expenses that can be written off against annual rental profits?