Landlord tax returns

If you own residential, commercial or holiday property that you rent out you’re legally obliged to provide Revenue with information about your rental income. That’s true even if you’ve made a loss, when mortgage payments and rental income are compared. If any additional tax is owed, you’ll either need to negotiate an adjustment to your annual tax credits, or complete a Form 11 or Form 12. Any tax you owe has to be paid by 31 October.

It can sometimes feel as if the burden of tax and compliance makes owning rental property more trouble than it’s worth. That’s where we come in, taking care of every aspect of your property tax return. We’ll handle it all quickly and efficiently, with minimal input from you, making sure that you end up paying no more tax than you’re obliged to.

The most important factor in how much tax you might owe on your property income is whether you’re deemed to have made a profit, or loss. That can be affected by which rental business expenses you’re able to claim and deduct from your profits before tax is calculated. Allowable expenses for landlords in Ireland include ground rents, certain insurance premiums, maintenance costs and management fees. There are plenty more, too, although the detail often complicates things considerably – but don’t worry, it’s second nature to us.

We can also help you claim capital allowances on the cost of furniture and fittings in your property, under the ‘wear and tear’ rule. You might also be eligible for mortgage interest relief depending on whether or not you have satisfied the requirements of the Residential Tenancies Board (RTB).

If you’re looking for a specialist landlord accountant in Carlow, talk to us today.

Switching to us

Getting onboard with us couldn’t be any simpler

Even if you want to change accountants the thought of going through the process can mean it always ends up at the bottom of the to-do list. That’s why we’ve gone out of our way to simplify the process and do as much of the running as possible. All you need to do, really, is set us off and just leave the rest to us.

Step one: talk to us

Get in touch so we can get to know each other, work out what support you need and agree on fees.

Step two: decide to switch

When you’ve made your choice, tell us then and we’ll handle the paperwork and process with your current accountant.

Step three: get onboard

We’ll get you set up on our systems, securely transfer your financial data and get you ready to go.


Let’s talk today

Ready to get started? Reach out to us today and we’ll set up a call to get things moving. Meeting new clients is just about our favourite thing in the world – let’s see what we can do to make your life easier.