Thanks guys.
Bronte. Here's the full figures per year on interest paid and rentail income. I'll have to look back at house insurance but it's been around 300 euro per annum.
Interest Paid Rental Income
2008 9276.59 7600
2009 10264.77 10600
2010 9857.84 7700
2011 10454.62 8400
2012 8690 8400
2013 8189.69 8400
Do you think I'll be ok, based on this? If, for example, in 2011, there's a difference between 75% of interest paid and the rentail income - in this case 559.03 euro, what rate is that taxed at? Can i take off full amount of insurance paid from that, so it'd be 259.03 if insurance was 300?
Bronte. Here's the full figures per year on interest paid and rentail income. I'll have to look back at house insurance but it's been around 300 euro per annum.
Interest Paid Rental Income
2008 9276.59 7600
2009 10264.77 10600
2010 9857.84 7700
2011 10454.62 8400
2012 8690 8400
2013 8189.69 8400
Do you think I'll be ok, based on this? If, for example, in 2011, there's a difference between 75% of interest paid and the rentail income - in this case 559.03 euro, what rate is that taxed at? Can i take off full amount of insurance paid from that, so it'd be 259.03 if insurance was 300?