tax relief on interest

[patsy]

Even though I have taken out a mortgage on my p.p.r to purchase an investment property can I still claim full tax relief (42%) on the interest paid against any rental income or does the mortgage have to be solely on the investment property in order to get full relief? Anyone know for definite?

 

[stuart]

It is what the money is used for that determines whether it ia allowed for tax deduction or not

if it used for the purchase, construction or repair of an investment proiperty then it is allowed

So you should be OK

stuart@buyingtolet.ie

 

[ClubMan]

Obviously you can't claim owner occupier mortgage interest relief and write the same interest off against rental income at the same time just in case that's relevant.

 

[patsy]

Thanks for the info guys, seems like I should be ok