AirBnB is a great way for home owner to earn some extra income while they’re on holiday or an alternative way to let an apartment or spare room.
Understanding Irish Tax liabilities and deductible expenses for this sort of income can be confusing and hard to get right, that’s why we’re here to help.
Every case is different but some deductibles we’ve identified for clients are:
- Utility bills
- Host fees
- Cleaning fees
- Communication fees (e.g. Phone calls)
- Home repair costs
- Home improvement costs (e.g. New rug/bed etc)
- Insurance costs
- Rent Payments
- Mortgage interest
- Accounting fees
So if you need help filing your tax return contact us to arrange a meeting on (01) 668 4411.