At Lyons & Calzo Accountants, we know that letting property comes with its own set of tax rules and reporting obligations. Whether you own a single rental property or a growing portfolio, getting your figures right matters, and getting them wrong can be costly.

Understanding these factors is crucial to protecting your rental income and staying on the right side of Revenue, and we're here to help you every step of the way.

• Maximised allowable expenses: We ensure you are claiming every expense you are entitled to, from mortgage interest relief to repairs, insurance and management fees.
• Accurate rental income reporting: We prepare and file your rental income return correctly, whether you are a PAYE worker with rental income or a full time landlord.
• RTB compliance support: We help you keep your Residential Tenancies Board registration and reporting in order alongside your tax affairs.

• Capital Gains Tax planning: If you are thinking of selling a rental property, we advise on the Capital Gains Tax implications and how to plan for them.
• Property tax tracking: We keep track of your Local Property Tax and other property related obligations so nothing is missed.
• Peace of mind: With us managing your rental accounts, you can focus on your property rather than paperwork.

• Complex expense rules: Not all costs are allowable, and the rules around mortgage interest, capital expenditure and repairs can be difficult to interpret correctly.

• Multiple reporting obligations: Landlords may need to deal with Revenue, the RTB and Local Property Tax requirements, all with separate deadlines.

• Non-resident landlord rules: If you live outside Ireland, additional withholding tax rules apply and are often misunderstood.

• Risk of Revenue enquiry: Rental income is an area Revenue pays close attention to, and incomplete or inaccurate returns can trigger a review.