Claiming interest as expense on rental income

[raven]

Hello,
I'm wondering if entire interest is claimable on rental income.
eg. If monthly rent is say 850 euro, and monthly mortgage interest is 750 euro; does this mean that monthly taxable income would be 100 euro? (leaving other claimables such as insurance, wear and tear etc. aside).

Cheers.

 

[Nige]

Provided all of the mortgage amount was used to purchase/renovate/kit out the rental property, and you are registered with the tenancy board, then yes, the interest if fully deductible.