Revenue eBrief No. 060/23

14 March 2023

Tax and Duty Manual 04-08-11 Pre-letting Expenses

Tax and Duty Manual 04-08-11 - Pre-letting expenses - has been amended to reflect changes to section 97A Taxes Consolidation Act 1997 in Finance Act 2022, as follows:

  • Paragraph 1 states that the period for which the property must have been vacant has been reduced from 12 months to 6 months.
  • Paragraph 4 states the cap on the allowable deduction for the expenditure has been increased from €5,000 to €10,000. 

Both changes take effect from 1 January 2023.