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Interest deductible against rental income

decoratinghouse · 2014-11-03 19:12:32

I am considering buying a house and letting the apartment I currently live in if it's worth doing financially. I have €50000 equity. If I were to borrow some or all of €50000 to put towards the house, could I allow the interest (75% of it) against rental income?

03-11-2014 7:12pm

#1

decoratinghouse

Registered Users, Registered Users 2 Posts: 48 ✭

Join Date: March 2008

Posts: 20

I am considering buying a house and letting the apartment I currently live in if it's worth doing financially.

I have €50000 equity. If I were to borrow some or all of €50000 to put towards the house, could I allow the interest (75% of it) against rental income?

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Comments

#2 03-11-2014 7:20pm

Alan Shore

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Posts: 734

The purpose of the loan is to buy a property for you to live in so the interest is not a deduction from rental income.

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