FTB\Foreign Investor

[Brenbo]

I am going to Bulgaria to look at some property in the near future.

I am aware that if I invest in Bulgaria I am no longer a first time buyer in Ireland. I know this will effect the stamp duty I will be liable to pay when I eventually decide to buy in Ireland.

However I seen a post saying it would effect mortgage interest relief aswell not being a first time buyer.

Can someone explain this to me:
How does not being a FTB effect mortage interest relief??

Are there any other things I am overlooking\ losing if I buy aboard before buying I Ireland.

 

[Blinder]

How does not being a FTB effect mortage interest relief??

The maximum amount of TRS for mortgage relief for greater for a FTB.
You can see details of this here
[broken link removed]

 

[bazermc]

Are there any other things I am overlooking\ losing if I buy aboard before buying I Ireland.

You will be liable to Irish CGT and Bulgarian CGT, however there maybe relief available for the double taxation suffered under the Irish/Bulgarian DT Agreement

I would recommend you seek professional tax advice

 

[Brenbo]

Would I be correct in saying if one purchases property aboard obviously you lose your first time buyers statue in Ireland.
However if one does no disclosure this while purchasing for the first time in Ireland later.
The Irish authority will have no way of known without an in-depth check.
Correct\ Incorrect ???

 

[CCOVICH]

You will get no advice on tax evasion on AAM.

Thread locked.