Year | Rent | Reno |
2023 | 5k (part year) | 10k |
2024 | 0 | 15k |
2025 | 15k (part year) | 0 |
2026 | 30k | 0 |
Excellent idea. I'm surprised more landlords aren't doing this.Hi Danny
I don't know the answer to your question, but this came up in another thread,
Could you rent it to Ukrainians for the two years? You get paid for it by the government and it counts as empty for the purposes of rent controls.
Brendan
Its worth consideration; if I do renovations though I'd want it to be fresh before reletting long term.Hi Danny
I don't know the answer to your question, but this came up in another thread,
Could you rent it to Ukrainians for the two years? You get paid for it by the government and it counts as empty for the purposes of rent controls.
Brendan
Perhaps because few tenants are leaving voluntarily.I'm surprised more landlords aren't doing this.
Its worth consideration; if I do renovations though I'd want it to be fresh before reletting long term.
Ukrainian rentals arent registered w prtb and don't acquire tenancy rights.Is it absolutely established that by renting to Ukranians for a period would not qualify as a tenancy and allow return to full market rent after a 2 year period?
Teasing out a possible strategy for a property which will shortly become vacant (tenant relocating).
Its time for it to have a decent overhaul; bathroom, kitchen & the like.
I'm considering doing the renovations over a longer period of time & possibly not reletting until the 2 year period is up so that I can then relet at market rent.
Difference between current rent & market rent (with renovation) is double; so waiting to get back to market rent is not as mad as it might sound.
Here's my question - are my renovation costs carried forward for tax relief?
For example (invented figures)
Year Rent Reno 2023 5k (part year) 10k 2024 0 15k 2025 15k (part year) 0 2026 30k 0
Can I carry forward my 25k reno costs into 2025 /2026?
If I understand this Revenue guidance correctly the answer seems to be yes and no.Here's my question - are my renovation costs carried forward for tax relief?
No. But thank you for the observation.do a more substantial renovation..
Red Cross registration site is down.Could you rent it to Ukrainians for the two years? You get paid for it by the government and it counts as empty for the purposes of rent controls.
If this report is accurate, there won't:I wouldn't be sure there's an appetite to extend again.
I wouldn't take that from the report at all. According to the figures in the Examiner, the State is paying €30m per week to hotels, institutions and the like. That's about €4-500 per head per week or about €1800 per month.
What could possibly go wrong .....Why not give it to Ukrainians first. Then when they are gone, do the renovations?
Why not? They are not tenants and the conditions of the €800 payment explicitly provide that a rental agreement must not be in place to qualify for the payment. As such, they are bare licensees and have no right to remain. The Residential Tenancies Act isn't engaged and they can be required to vacate at will by the owner. Obviously, the decent thing would be to give reasonable notice but, strictly speaking, this isn't required..
If he gives it to Ukrainians now, or at any time, he might not be able to get them out.
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