My wife has a house which was fully refurbished last year. It was pretty much gutted internally. The total cost was in the order of 50k. It had been rented out before, and has been since.
I was under the impression that most, if not all of the expenditure could be written off against rental income for tax purposes, but on reading the Revenue Form on Rental Income the following is disallowed - "Capital expenditure incurred on additions, alterations or improvements to the premises unless allowable under an incentive scheme or incurred on fixtures and fittings."
Can I only claim for the furniture, or are there other things that cam be claimed?
I was under the impression that most, if not all of the expenditure could be written off against rental income for tax purposes, but on reading the Revenue Form on Rental Income the following is disallowed - "Capital expenditure incurred on additions, alterations or improvements to the premises unless allowable under an incentive scheme or incurred on fixtures and fittings."
Can I only claim for the furniture, or are there other things that cam be claimed?