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Gov.bond for social housing

  • 04-07-2019 02:48PM
    #1
    blowin3
    Registered Users, Registered Users 2 Posts: 477 ✭✭


    Has anyone info on the above are they safe and worth an investment they showing a return of 6% as looked as low risk .


Comments

  • #2
    lesterburnham
    Registered Users, Registered Users 2 Posts: 46 ✭lesterburnham


    blowin3 wrote: »
    Has anyone info on the above are they safe and worth an investment they showing a return of 6% as looked as low risk .

    Where are these advertised?


  • #3
    Cute Hoor
    Registered Users, Registered Users 2 Posts: 1,788 ✭✭✭Cute Hoor


    Would this example stand up, am I missing anything or have I added anything I shouldn't have. I am using an actual 2 bed apartment example (purchase price & rent) from daft.ie. If you get a mortgage are you allowed to offset the repayments (interest + capital) against rental income to avoid income tax (presumably you would still have to pay PRSI & USC)

    Purchase Price €199,950.00
    Solicitors Fees (+ Costs) €2,500.00
    Surveyors fee €450.00
    Lenders Valuation fee €200.00
    Stamp Duty €2,000.00
    Land Registry €600.00
    Total Buy Cost €205,700.00
    Furnishings €5,000.00
    Total €210,700.00

    Rent €1,900.00
    less 15% €1,615.00
    Gross Annual Rent €19,380.00
    Less Management Fee €1,750.00
    Less Insurance €200.00
    Less Property Tax €225.00
    Nett Annual Rent €17,205.00

    Less tax, prsi,USC €8,946.60

    Nett Annual Rent (after tax) €8,258.40


  • #4
    blowin3
    Registered Users, Registered Users 2 Posts: 477 ✭✭blowin3


    Cute Hoor wrote: »
    Would this example stand up, am I missing anything or have I added anything I shouldn't have. I am using an actual 2 bed apartment example (purchase price & rent) from daft.ie. If you get a mortgage are you allowed to offset the repayments (interest + capital) against rental income to avoid income tax (presumably you would still have to pay PRSI & USC)

    Purchase Price €199,950.00
    Solicitors Fees (+ Costs) €2,500.00
    Surveyors fee €450.00
    Lenders Valuation fee €200.00
    Stamp Duty €2,000.00
    Land Registry €600.00
    Total Buy Cost €205,700.00
    Furnishings €5,000.00
    Total €210,700.00

    Rent €1,900.00
    less 15% €1,615.00
    Gross Annual Rent €19,380.00
    Less Management Fee €1,750.00
    Less Insurance €200.00
    Less Property Tax €225.00
    Nett Annual Rent €17,205.00

    Less tax, prsi,USC €8,946.60

    Nett Annual Rent (after tax) €8,258.40

    No its a government guaranteed letting bond over 5 ,10,20 years at a low risk.
    http://arenacapital.ie/portfolio/property-overview/


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