Aidan Holmes is an Irish resident and domiciled individual. In recent times Aidan has acquired a

number of properties which he rents out. Aidan is registered with the Private Residential Tenancies

Board for all his tenancies. Details of these properties are as follows:

Property A $$ Commercial Property

This property was bought on $1$ October $2022$ with the assistance of a mortgage from his local bank.

The property was immediately let and occupied at a rent of $1,000$ per month until $31$ March $2023.$

Before getting another tenant, Aidan had the property professionally cleaned and redecorated at a

cost of $2,000.$ The property was then re$-$let on $1$ May $2023$ at a rent of $1,200$ per month. The

interest on the mortgage for the calendar year $2023$ was $6,000.$

Property B $$ Commercial Property

Property B was acquired on $1$ April $2023.$ The property was let out immediately at a rent of $1,250$

per month. However, in October $2023$ the tenant disappeared without paying the rent for

November and December. Aidan made every effort to recover this rent but was unsuccessful. The

property was re$-$let on $1$ January $2024$ to new tenants.

Maintenance and insurance expenses in connection with this property were $3,000$ for $2023$ Property C $$ residential property

Property C$,$ a house, was purchased on $1$ February $2022,$ partly funded with a loan from the bank

from that date. The property had been vacant for a number of years and not let as it required some

structural work which cost $10,000$ and was carried out in January $2023.$ The property was leased at

a rent of $2,500$ per month on $1$ April $2023$ on a $4$ year lease. The interest on the loan from $1$

January to $31$ December $2023$ amounted to $3,300.$ Expenses of $3,500$ were incurred on this

property which included $1,000$ cleaning costs and $500$ advertising costs both of which were

incurred prior to the house being let in March $2023.$

Property D

This property, a shop, was purchased on $1$ July $2023.$ The property was let on $1$ August $2023$ on a $10$

year lease for a premium of $30,000.$ The rent is $3,000$ per month. Aidan is responsible for an

annual management charge of $1,000$ and waste disposal costs of $2,000$ for this property and he

does not charge his tenants for this.

Requirement:

Calculate Aidan Holmes$$ Case V income for $2023$