tax deduction for management fees on apartment

N

Nell.oc

Guest
Does anyone know if you can claim any kind of tax deduction on the management fee we pay for apartments ?
 
You certainly can for the refuse collection portion but the remainder is normally not deductible.
 
its not only a rented property - it can be ownership too...

u can get some tax relief - providing you are not in arrears and have been paying on time.

see joan burtons statement:
With respect to management company fees, that part of the fees payable by residents to a management company in respect of such ‘service charges’ may, subject to the conditions outlined in the leaflet above, qualify for tax relief up to the €400 limit.

Unfortunately, the remaining elements of the management fees, such as payments towards the upkeep and maintenance of the property and payments towards a sinking fund do not qualify for tax relief.
 
According to my tax consultant (clarified this with him recently) the entire management fee can be claimed for a rental property (if you own it and rent it out to someone else).
Refuse charges ONLY if you are an owner occupier (own it and living in it too).
 
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