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Buy to Let Mortgage Question

  • 25-05-2023 8:04pm
    #1
    irishguy1012
    Registered Users, Registered Users 2 Posts: 46 ✭


    I am looking at a buy to let property. Does anyone know if the following expenses are tax deductible please?

    • Stamp Duty
    • Solicitor Fees (my own) 
    • Solicitor Fees (the bank's solicitors)
    • Arrangement Fee
    • Surveyor 
    • Valuer 

    Thanks in advance,

    K



Best Answer

  • #1
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,695 ✭✭✭✭Marcusm


    None of the above as they are all incidental costs of purchase and would form part of the base cost for any ultimate sale.



Answers

  • #2
    DubCount
    Registered Users, Registered Users 2 Posts: 1,098 ✭✭✭DubCount


    https://www.boards.ie/discussion/comment/120641344#Comment_120641344

    I agree. These are all costs of the purchase of the property and would go against any future CGT liability. None would be allowable for income tax.

    OP, a buy2let mortgage is a brave investment at the moment. If you have to ask the question you asked, I'm not sure its a sensible investment for you. Please take some independent financial advice before taking out a buy2let mortgage. There may be better options for your money.



  • #3
    DownByTheGarden
    Registered Users, Registered Users 2 Posts: 1,786 ✭✭✭DownByTheGarden


    The real question you want to get an answer to is - Why are all of the current landlords getting out as fast as they can if its so good?



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