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tax designated

coolio_64 · 2007-05-01 22:04:39

how much do ya actually save when you see a tax designated area. how does it vary from area to area. how come some areas are designated to avail of these benefits :confused:

01-05-2007 10:04pm

#1

coolio_64

Closed Accounts Posts: 346 ✭✭

Join Date: March 2004

Posts: 231

how much do ya actually save when you see a tax designated area.
how does it vary from area to area.
how come some areas are designated to avail of these benefits

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Comments

#2 05-05-2007 6:13pm

antoinolachtnai

Registered Users, Registered Users 2 Posts: 9,815 ✭✭✭

Join Date: January 2003

Posts: 9725

It really depends.

In general, if you don't know, it probably isn't for you. It might be worth asking the selling agent.

It only really makes sense if you are BTL'ing and already have the mortgage completely paid off or mostly paid off on at least one existing property.

There are owner-occupier deals, but as I understand it, these are not particularly valuable.

Certain areas have it because they were designated as being disadvantaged and needing development. This was a long time ago.

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