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Accounts board - Oliver Niland Chartered Accountant & Tax Specialist Galway Ireland

Tax Returns

Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist - Galway Ireland

Start up/ New Business

Starting a new business - Start your own business - Oliver Niland Chartered Accountant  & Tax Specialist Galway Ireland

Author: Oliver Niland

What can i deduct against income from my AIRBNB letting ?

What can i deduct against income from my AIRBNB letting ?

What can expenses can I deduct against income from my AIRBNB letting ? Typical expenses that can be deducted from an individual’s income in relation to shortterm lettings. Where income is deemed to be trading income, a deduction will be available for expenses which have been wholly and exclusively laid out for the purposes of…

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Foreign Rental Income

Foreign Rental Income

What expenses and deductions are not allowed for foreign rental income? You cannot claim the following against your foreign rental income: pre-letting expenses post-letting expenses capital expenditure or improvement costs the cost of your own labour if you carry out repairs to the property. Travel costs unless the journey is undertaken wholly and exclusively for…

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Tax relief for new start up companies ?

Tax relief for new start up companies ?

Any tax relief for new start up companies ? If you have started a new company, you may be able to apply for tax relief for start-up companies. This tax relief, also known as Section 486C tax relief, is a reduction of your Corporation Tax (CT) for the first five years you trade. The relief can be…

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