If I rent out my flat in Dublin can I write off the wear and tear on my furniture?

Ireland Rental Income
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Claire McNamara
Hi there

Many thanks for your query.

You can claim a Wear & Tear write off for the furniture in your rental property under Section 97 Taxes Consolidated Acts 1997 provided the furniture was purchased during "the currency of the lease."

What that means is:
(a) if these capital assets were purchased prior to your first letting then they are considered to be "pre-trading" expenses and therefore NOT an allowable deduction.
(b) if they were purchased after the first ever letting and even if the property was vacant during lettings then the expenditure would be allowable if it is used "wholly and exclusively" for your rental business.

The rate of wear and tear write off is 12.5% per annum for eight years. The asset must be in use at the year end to qualify for capital allowances.

I hope that has clarified matters for you. This is a complicated area of tax and you are always advised to check the eligibility of any expenses before completing your Tax Return.

Best Wishes
Claire McNamara
Leave a Comment 291 weeks ago

Meet Leading Tax Advisors

User Photo Peter J. Scalise

Federal Tax Credits & Incentives Practice Leader

New York, NY

User Photo John L Stancil

Tax Advisor/CEO

Lakeland, FL

User Photo John R Dundon, II EA

Tax Director

Denver, CO

User Photo Kevin Johnson MS, JD, LL.M, CPA


Philadelphia, PA

User Photo Brian Weaver, CPA, MBA

Managing Tax Consultant

Des Plaines, IL

User Photo William Rogers, CFP, MBA, EA

Rancho Santa Fe, CA


User Photo Clinton J Donnelly, LLM

International Tax Advisor

Panama City, Panama

User Photo Jim Marshall, EA

President/ Tax And Financial Advisor

Scottsdale, AZ

User Photo Brett A Thompson, JD, CPA

Managing Tax Lawyer

Katy, TX

User Photo Charles Woodson, EA

Tax Advisor/Fiduciary Coach

San Diego, CA

User Photo John Richardson

Tax Lawyer

Toronto, Canada

User Photo Clifford Benjamin

Senior Tax Principal

Daytona Beach, FL

User Photo Kazim Qasim, EA, CTC

Managing Tax Advisor/CEO

Orlando, FL


View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page



Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today