Sign up to get our free landlord tax strategies


To receive our seven FREE landlord tax saving strategies just simply complete the form below and the first strategy will be emailed to you immediately.

Sign up to get our free landlord tax strategies

Thank You!

Seven FREE property tax busting strategies reveal the secrets of how to legitimately beat the taxman and boost your property profits!
View All Questions

Is Interest on Capital Expenditure Deductable Against CGT?

Question I bought a very run down property and spent some time bringing it up to a standard whereby I could rent it. So, in addition to the actual costs can I also claim interest paid on the loan for the original outlay, and then all the works thereafter?

Arthur Says:
Interest is not allowable as a capital expenditure against CGT (See page CG15284 on the Revenue Capital Gains Manual). However, you should be able to claim the interest as an allowable revenue expense against your rental income.

See page PIM2105 on the Revenue Property Income Manual where it says: "interest payable on loans ........ to fund repairs, improvements or alterations, is deductible in computing the profits or losses of the rental business in the same way as other expenses."

Landlord Tax Secrets Get our SEVEN FREE Landlord Tax Saving Strategies - Guaranteed To Slash Your Property Tax Bills!
Click here for more.

Got a burning tax question?

Why not submit a tax question to our tax advisors

Ask a Question