Double Taxation Agreements and Interest relief

B

BlarneyBoy

Guest
I intend on buying an investment property in the UK. However I’m a little confused as to my tax liability given the double taxation agreement between ourselves and them. I’ve emailed the Revenue Commissioners about this but they won’t even acknowledge receipt of the emails.
Basically, I’ll be borrowing in Ireland to fund it. So here’s a rough example of what I’m doing
Mortgage = 1500000
Int only Repayts = 6435 per annum
Rent = 8000 per annum
My questions are this
  1. Can I write the interst paid in Ireland against any tax liabliity in England?
  2. If I can do this, what liability would I have in Ireland?
  3. Can the interest payments write off be used in both jurisdictions.
How do I minimise tax liability. I know I can write off depreciation on furniture, management fees. Does anyone know any other stuff I can do or has anyone done anything like ths before?
 
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