Hi all,
I'm trying to get my head around this and maybe a landlord can clarify if they are in a similar position.
If I decide to buy a property (mortgaged or cash) and rent it out for €1400 per month, I know that I can claim depreciation on furniture and management fees, property advertising fees, some fire/third party insurance etc. to reduce my tax bill, but given that I work and it would push my income over the threshold in to the higher tax rate, what is the take home worth per month to a prospective landlord/existing landlord?
Thanks,
Pedroso
I'm trying to get my head around this and maybe a landlord can clarify if they are in a similar position.
If I decide to buy a property (mortgaged or cash) and rent it out for €1400 per month, I know that I can claim depreciation on furniture and management fees, property advertising fees, some fire/third party insurance etc. to reduce my tax bill, but given that I work and it would push my income over the threshold in to the higher tax rate, what is the take home worth per month to a prospective landlord/existing landlord?
Thanks,
Pedroso