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implications in renting out your principal private residence

mrsbeale · 2008-11-09 00:27:18

Hi Wondering what i would need to consider if i rent out my principal private residence and move into a larger house , which i would rent out. I also have two other rental properties. It has been suggested option to avoid a loss made by selling family home and solving need for a bigger house.

09-11-2008 12:27am

#1

mrsbeale

Closed Accounts Posts: 5 ✭

Join Date: November 2008

Posts: 3

Hi
Wondering what i would need to consider if i rent out my principal private residence and move into a larger house , which i would rent out.
I also have two other rental properties. It has been suggested option to avoid a loss made by selling family home and solving need for a bigger house.

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Comments

#2 10-11-2008 8:22pm

malpas

Registered Users, Registered Users 2 Posts: 130 ✭✭

Join Date: June 2004

Posts: 120

tax implications..
A) potential capital gains if selling PPR in the future
income tax liability on rental income.
Also you'll need to register letting with PRTB

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