mrso'brien
Registered User
- Messages
- 35
75% of interest portion of the mortgage payment.You can only offset 70% of the interest portion of your mortgage payment, so quite possibly you will have to pay some tax.
The other expenses include:-You would actually be making a profit of 450 a month for tax purposes, you can also deduct other expense in order to decrease your tax bill.
Open to correction on this but am I correct in saying that 100% of interest is allowable for first 4 months of 2009 (when budget took place) and 75% for remainder of the year?75% of interest portion of the mortgage payment.
No from Revenue's perspective you have the choice of not moving or of appointing a local agent.... can you claim some of the travel say once a year to visit the property to ensure its general maintenance/wellbeing...
Not unless you pay them.... If I appoint a brother or sister as an agent (i.e. a rent collector and point of contact in case of a problem) and they are PAYE workers, does it affect their tax return in any way? ...
It isn't because presumably they'll lodge it directly to your account if you leave them account details or a lodgement book.... Just where is the rent they collect on my behalf reported (on their return?) ...
No, they just enter the small fee as untaxed income on their tax return.... and if I pay them a small fee for doing this, does that complicate their otherwise straightforward PAYE return?...
Sorry, I can't help you here... Also, I noticed this on myhome.ie
"If the annual rent exceeds €19,046.71 [thats €1587.23/mth] the tenant must pay 1% Stamp Duty of the annual rent (plus a €12.70 stamping charge)." ...
Also, I noticed this on myhome.ie
"If the annual rent exceeds €19,046.71 [thats €1587.23/mth] the tenant must pay 1% Stamp Duty of the annual rent (plus a €12.70 stamping charge)."
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?