Important Question about Mortgage write off againt Rental In

J

joemurphy

Guest
Hi
If I top up the mortgage on my principle residence specifically to buy an investment property can I write off the interest I pay on that portion of the mortgage against the rental income?

Are there any extra hoops to go through with the revenue to prove that the mortgage top up was to fund the investment property

I would appreciate an answer from someone who knows the situation 100% or has done it themselve

many thanks in advance

joe
 
H

Ham Slicer

Guest
Re: Important Question about Mortgage write off againt Renta

can I write off the interest I pay on that portion of the mortgage against the rental income?
Yes

Are there any extra hoops to go through with the revenue to prove that the mortgage top up was to fund the investment property
No really, just keep your documentation on file. If Revenue come looking for backup you'll have it there.
 
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