Bea C
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- Jul 1, 2010
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What a Difference a Month Makes: Delay in Publishing Non Principal Private Residence Charge Saves Revenue Another Year
After years of landlords fighting the validity of whether or not the Non Principal Private Residence Charge should be tax deductible against rental profits, a landlord, Thomas Collins, has won.
It was decided by the High Court in November.
Of course it wasn't made public till today.
NPPR tax ruled deductible against rental profits
High Court Rules that NPPR Charge is Tax-Deductible - Chartered Accountants and Business Advisors - Dublin and Cork | Crowleys DFK
The issue was whether or not it was a 'local' tax: in spite of it going exclusively to the local authority, Revenue was adamant it was not, as it was not a rate levied by a local authority.
It was 200 per property p.a for the years 2009-2013.
Of course the four year rule means only 2013 can be re-filed now. The one month gap that would have allowed the previous year be scraped back mysteriously went into a vacuum...
What happens now with the replacement Local Property Tax I haven't a clue?
After years of landlords fighting the validity of whether or not the Non Principal Private Residence Charge should be tax deductible against rental profits, a landlord, Thomas Collins, has won.
It was decided by the High Court in November.
Of course it wasn't made public till today.
NPPR tax ruled deductible against rental profits
High Court Rules that NPPR Charge is Tax-Deductible - Chartered Accountants and Business Advisors - Dublin and Cork | Crowleys DFK
The issue was whether or not it was a 'local' tax: in spite of it going exclusively to the local authority, Revenue was adamant it was not, as it was not a rate levied by a local authority.
It was 200 per property p.a for the years 2009-2013.
Of course the four year rule means only 2013 can be re-filed now. The one month gap that would have allowed the previous year be scraped back mysteriously went into a vacuum...
What happens now with the replacement Local Property Tax I haven't a clue?
