Are there any good resources online for Irish landlords? It’s not something we really discuss much on this site!
Any message board with a landlord section with tips etc.?
I’m considering going down that road in the future but want to do my due diligence.
Especially interested in what expenses are deductible from rental income e.g.
-I see PRTB registration is covered but property tax isn’t
-I know for furniture and any exenses enhancing the property you only get capital allowancw of 12.5% per year so 8 years to claim it all back vs painting which deducts off this years bill
-100% of mortgage interest is deductible
If you buy a house that needs say 20K before you can rent it, are those costs incurred pre letting allowable?
I’d be looking to see if the sums add up for rental income less expenses and mortgage or else what’s the point.
Leases would be another big thing. Do people use a standard one you get online (where?) or have a solicitor draw one up?