[Ireland] Can I add my rent expenses to be deducted from my incomes with the Airbnb for tax purpose?

[Bruno751]

Hello!

Does anyone know if my rent expenses can be deducted from the Airbnb incomes when declaring your taxes? 

So far I found at https://assets.airbnb.com/help/airbnb-pwc-taxguide-ireland-en.pdf?_ga=2.23348474.1322661123.15779995...:

"

Typical expenses that can be deducted from an individual's income in relation to short-term lettings.

● Insurance premiums ● Maintenance costs - e.g. cleaning, painting ● Repairs carried out on the property ● Cost of goods or services that you have provided - e.g. gas, electricity ● Management costs - e.g. property management fees ● Advertising fees or online commission payments. ● Pre-trading expenditure incurred up to three years prior to the commencement of the trade.

"

I've also read https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-04..., but didn't see anything about rent expenses.

Although I didn't see rent, I saw that the listed items are examples, but not limited to them, which suggests rent (and other things) may be eligible. 

I was considering to add my rent expenses through the following calculation:

Rent paid per day / Number of rooms * Number of rooms used by guests per night * Number of booked nights.

Does anyone know if I can do that?

[Jeff158]

@Bruno751 

What you are proposing would be acceptable in the UK when running a B&B, if the area's are available even if unoccupied, the cost is deductible.

Total rent divided by total floor area giving you a cost per sq m

Floor area's accessible by guests (hall,bedrooms,breakfast area etc) are deductible and your personal areas are not.

No idea in IE although probably similar, its a good idea to chat with an accountant.

[Tomislav12]

I had mine done and they did not included my rent as an expense. Do not know why.

3 bedroom apartment.

I airbnb 2 rooms out.

It would make sense because without paying the rent you cannot make that money.

I am in Dublin.