On top of the introduction of the new Property Tax and the previous Non Principal Private Residence Charge, Landlords have had the number of reliefs available to them decrease in the past number of years. This makes it all the more important that you maximise the reliefs that are still available. Every €1 of allowable expenditure could save you as much as 52 cent in taxes.
The importance of registering with the Private Residencies Tenancy Board (PRTB) cannot be understated. For example, mortgage interest relief on residential lettings has been reduced to only 75% of the interest paid, and this is only allowable if you have registered with the PRTB.
For Investors and Individuals with other sources of Income, the preparation of your Income tax return is a very straight forward process. Here at TaxRelief.ie our fees reflect just how straight forward they are. For just €150 we will complete your Income Tax return making sure you claim all allowable expenses, credits and reliefs. This fee is based on two sources of Income i.e. Salary and one Rental Property. For each additional source of Income, we only charge an extra €50 per income source.
To enquire about this package please contact us here