RTB Interest Deduction

Q. As a landlord how does registering a new tenancy with the Residential Tenancies Board (RTB) affect the calculation of my Income Tax liability?  

25th May 2018

A. The RTB maintains a national register of tenancies. All private residential tenancies must be registered and there are penalties for landlords who do not register.

Landlords are required to register details of all of their tenancies within one month of the commencement of those tenancies.

In order that you can claim a deduction for the mortgage interest accrued on any loan associated with the rental property you must, as a landlord, comply in full with the registration requirements of the RTB.

Failure to comply with any of the registration requirements means that any mortgage interest deduction will not be allowed against your rental income leading to an increased income tax bill.

Disclaimer: Advice shared in this blog is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this forum, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

Call us today to make an appointment at your local office

1890 98 76 09

Or submit an enquiry

Call us today to make an appointment at your local office

1890 98 76 09

Or submit an enquiry