tax deductions for property maintenance

Allowable Property maintenance tax deductions

Landlords often mention that most of their rental income is actually paid in taxes. What are your options to both improve your property and limit your tax bill?

All work done by Robust Property maintenance can be deducted from your rental income tax bill. You can write off Robust’s invoiced cost as an expense. This is subject to some rules of course but basically all our services would be considered allowable deductions.

This is what Revenue say are allowable deductions from rental income in regards property maintenance expenditure deductions:
• maintenance of the property, e.g. cleaning and general servicing, exterior and interior
painting and decorating,
• repairs, (a ‘repair’ means the restoration of an asset by replacing subsidiary parts of the
whole asset). Examples of common repairs which are normally deductible in computing
rental income include:
1. damp and rot treatment,
2. mending broken windows, doors, furniture and machines,
3. replacing roof slates.

The full text and details are available here and in revenue leaflet IT70.

Save money on your taxes
Save Money on your taxes

What expenses can I write off my rental income?

Remember you can’t  actually claim a deduction for your own labour. So any work you undertake yourself will not be tax deductible.

Save yourself time and money today by getting your property maintenance done the Robust way.

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