You may claim tax relief on the "bin charges" related to maintenance fees, as you would as if you were paying normal "bin charges".Does anyone know if this is true and how to go about claiming it?
Although I thought there was other service charges I could claim.
Is that actually true about investors?Indeed, it's a sad state of affairs but owner occupiers only get tax relief on refuse but landlords get tax relief on the whole lot.
Most householders in privately managed housing/apartment developments are members/shareholders of their management company so they have the power to influence how they work. If you are in this situation and not happy with the management company's budget/expenditure then you should consider getting actively involved in the running of the company, possibly even running for election to the board of directors.Sickening really when we're paying almost €1500 a year and the refuse equates to about €40!
You may claim tax relief on the "bin charges" related to maintenance fees, as you would as if you were paying normal "bin charges".
You should have recieved a breakdown with your maintenance fee detailing how the costs were calculated, including what portion of the fee is related to the refuse charges.
I'm not sure if this is what you were referring too, but it's the only available tax relief I know of from maintenance fees.
We've been advised that we cannot claim tax relief on the bin-charge element so this is news to me?
Advised by who? You will find reference to apartment owners being allowed to claim for the refuse charge element of their fees if you search the Revenue site and AAM as it has been discussed here before.
Is that actually true about investors?
By the management agents! How would you go about calculating it?
The management agent is wrong-you can claim tax relief.
On the fees-yes, simply look at the total refuse cost, divide it into the total cost, and apply this % to your total fee.
There are limits on the amount that you can get relief on. It [broken link removed] €400 for 2007 in respect of charges paid in 2006. It may have been different prior to this. You can backdate claims for outstanding tax relief by up to 4 tax years.
KalEl-other residents in a development I lived in claimed. So did I. Call the Revenue.
I will...it'd be worth €600 to me which is not to be sneezed at.
You can claim tax back on service charges paid to management agent, not just limited on the refuse charges.
Look at the 2007 budget and it gives you the limit.