J
jokireland
Guest
Hi, I have a section 23 property in Ballymun town centre which I'm considering selling. My main question is what price should I be asking for it, considering there's €259,250 section 23 tax relief on it with 7.5 years left from the time I bought it? Does that make a difference on how it should be valued or not?
I have never used the Section 23 tax benefit on it and will not do so now as I don't have any other rental properties which I had planned. For various personal reasons, I'm thinking of selling the apartment now, and taking the losses. I bought it for €305,000 end of 2006 and there's 85% section 23 relief on it i.e. €259,250 section 23. It's a 1 bed and has been rented out over the 2.5 years since August '07 when I took recepit of the apartment.
Thanks for your help in advance.
I have never used the Section 23 tax benefit on it and will not do so now as I don't have any other rental properties which I had planned. For various personal reasons, I'm thinking of selling the apartment now, and taking the losses. I bought it for €305,000 end of 2006 and there's 85% section 23 relief on it i.e. €259,250 section 23. It's a 1 bed and has been rented out over the 2.5 years since August '07 when I took recepit of the apartment.
Thanks for your help in advance.