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It's not totally clear from this brief summary if this includes motoring/travel expenses to collect the rent. If in doubt get independent, professional advice. Why not have your tenants lodge the rent to your account directly and save yourself the time, hassle and cost in the first place?What expenses can be claimed?
Broadly speaking, in calculating your rental expenses you can deduct expenses so long as they-
- ...
- Management, i.e., actual cost of collection of rents, advertising, etc.
- ...
Gosh, I'm really shocked - what a dreadful service if you can't trust what they're telling you over the phone! I would prefer if they said they didn't know or would have to check and could I call back!
Unregistered said:They are from Poland and don't have a bank account. They tried to open one and were unsuccessful...
I finally got through to revenue today, after a lot of trying, and spoke to a very helpful person who confirmed that you can in fact claim the 38.40 cent Civil Service Rate per mile for rent collection or other visits to property such as to allow workmen access for repairs etc.
The details in AAM's property investment FAQ's are, whilst very helpful, not up to date - they show 20% over 5 years depreciation for furniture etc. when the actual rate is now 12.5% over 8 years - perhaps someone would like to update and maybe add travelling expenses to the list?
Revenue's IT70 'Guide to Rental Income' is helpful, but also a bit vague.
Unregistered said:"I finally got through to revenue today, after a lot of trying, and spoke to a very helpful person who confirmed that you can in fact claim the 38.40 cent Civil Service Rate per mile for rent collection or other visits to property such as to allow workmen access for repairs etc.
Unregistered said:That's amazing Ubiquitous, the person I spoke to seemed well informed and helpful and I explained in detail exactly what the situation was and where I lived in relation to the property etc.
Clubman, the link to the rental income FAQ is at
(sorry, new to this and don't know how to link properly)
and states
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