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When to do my taxes as a landlord?

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    #32
    doctorwho-fan
    Registered Users Posts: 182 ✭✭doctorwho-fan


    people like you an me are paying the bulk of rent as tenant is on rent allowance, they are only paying 130 a month towards rent. can't sell house, well you know why


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    #33
    sunnysoutheast
    Registered Users Posts: 2,072 ✭✭✭sunnysoutheast


    The_Conductor wrote: »
    USC on gross rental income too......

    USC is chargeable on gross rental income - allowable expenses.

    Depreciation on F&F (and losses from previous years) are ignored for USC.

    IT and PRSI are chargeable on gross - expenses - depreciation.

    Unless this has changed since 2013. I never had losses to carry over, but I think they can be subtracted for IT and PRSI as above. Not USC.


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