Apologies if this is posted in the wrong section.
I bought an investment property abroad a number of months ago. As part of the cost €15,000 went towards furnishing the apartment.
Am I entitled to a 12.5% wear and tear allowance against my rental income for this expense. I do not have specific invoices to show 15k of spend on fixtures but the round sum figure is on the purchase invoice for the apartment. Is this sufficient?
I bought an investment property abroad a number of months ago. As part of the cost €15,000 went towards furnishing the apartment.
Am I entitled to a 12.5% wear and tear allowance against my rental income for this expense. I do not have specific invoices to show 15k of spend on fixtures but the round sum figure is on the purchase invoice for the apartment. Is this sufficient?