D Daddy Ireland Registered User Messages 458 30 Jun 2017 #1 If I purchased a commercial unit and got permission to convert it to an apartment and the conversion cost 50k would I be able to write off the full cost against rental income over a number of years ?
If I purchased a commercial unit and got permission to convert it to an apartment and the conversion cost 50k would I be able to write off the full cost against rental income over a number of years ?
T T McGibney Registered User Messages 6,206 30 Jun 2017 #2 No. The capital cost of purchase, extension etc of buildings is not allowable for income tax purposes.
No. The capital cost of purchase, extension etc of buildings is not allowable for income tax purposes.
C cremeegg Registered User Messages 4,156 1 Jul 2017 #4 However it would be a cost against any capital gain if you were to sell in the future.