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Expenses on doing up rental apartment

  • 22-10-2016 8:12am
    #1
    brenne89
    Registered Users Posts: 19 ✭


    I just purchased an apartment which I intend doing up and renting out from about March onwards.

    Since I won t be getting any income from it until next year will I still be able to claim the expenses I spend this year on doing it up?

    Thanks.


Comments

  • #2
    nhg
    Registered Users, Registered Users 2 Posts: 1,069 ✭✭✭nhg


    No, you can only claim on expenses after you start renting it out (received rent - not preparing to rent)


  • #3
    Humour Me
    Registered Users, Registered Users 2 Posts: 360 ✭✭Humour Me


    No, pre-letting expenses are not allowable. You will only be allowed to claim expenses from the date the tenancy starts.

    Capital allowances can be claimed over 8 years for any furniture and white goods you purchase for the apartment.


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