Hi all,
I know this has been discussed before, but I'm still not very clear on what the answer is.
My situation is that I've had a tenant in a property for just over 8 years and they're moving out. I'm not going to sell, but am going to continue to rent. The property can't be rented in its current state, so I'll need to re-decorate, replace wooden floors throughout, replace beds and couches.
I've seen previous threads where it was said that pre-letting expenses aren't allowed and links were provided to the Revenue web site. I've taken a look at these links, and under the "What Expenses are allowed", there's a bullet point that says "expenses in between renting out the property in certain circumstances". Does anybody know what the "certain circumstances" are?
Thanks in advance for your help!
I know this has been discussed before, but I'm still not very clear on what the answer is.
My situation is that I've had a tenant in a property for just over 8 years and they're moving out. I'm not going to sell, but am going to continue to rent. The property can't be rented in its current state, so I'll need to re-decorate, replace wooden floors throughout, replace beds and couches.
I've seen previous threads where it was said that pre-letting expenses aren't allowed and links were provided to the Revenue web site. I've taken a look at these links, and under the "What Expenses are allowed", there's a bullet point that says "expenses in between renting out the property in certain circumstances". Does anybody know what the "certain circumstances" are?
Thanks in advance for your help!