Tax Estimation Tool

Tax calculator currently being updated to reflect changes to mortgage interest rules

 

Rental Income and Expenditure Account

Property Address (optional):


Income

Annual Rental Income:

Less:

Mortgage Interest:

€ *only enter the interest portion of your mortgage here, not the total repayment

Insurance:

Mortgage Protection Premiums:

Management Fee:

Letting Costs:

Estate Agent Fees:

Advertising Costs:

Legal fees for drawing up leases:

Refuse Charges (if paid by landlord):

PRTB Registration Fee:

Repairs and Maintenance*:

Cleaning:

Accountants fees for preparing rental accounts:

Sundry Expenses:

Total Expenses:


Net Rental Income:

(after expenses but before capital allowances)


Less:

Amount spent on capital items e.g furniture:

e.g if you spent 3000 on furniture enter 3000 here, the wizard will calculate your capital allowance. Note only applicable for capital items purchased since 2002

Capital Allowances:

(12.5% per anum)

Loss carried forward from previous year:

(if any)

Taxable Rental Income:

Estimated Income Tax & Levies

(assuming a 41% tax rate + 5% PRSI & levies)**:

[Calculate] [Clear] [Print]


*it is not possible to claim for your own time, for example, cutting the grass


**Please note this calculator is provided as a guide only. It is not a replacement for independent financial advise. Every person's individual tax situation will be different depending on income from other sources such as employment, shares, section 23 type allowances etc While every effort has been made to ensure the accuracy of this calculator we accept absolutely no responsibility for any inconsistencies or errors.