TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

NPPR Charge Not an Allowable Deduction

Following a request for clarification on the deductibility of the NPPR charge, we wish to remind all readers that Revenue's view, as communicated to Chartered Accountants Ireland, is that the €200 NPPR charge is not an allowable expense in computing taxable rental income. Revenue has confirmed through the TALC forum that in computing the net rental amount received, only those deductions that are specified in section 97(2) TCA 1997 are allowable. As the NPPR charge is not included in the specified list of items, it is not an allowable expense in computing taxable rental income.