This is not so much a question as a note on my experience that may be of use to a few people on here ....and possibly more on the mortgage arrears/negative equity forum...i haven't seen anything else on this on here so I thought i would post my experiences.
Short history - large mortgage at the top of the market, joint with ex, acrimonious split, i eventually went to Australia, place is now rented, i have topped up the mortgage and paid all other costs...it adds up.
Fully compliant in both countries - income from rental is declared in Aust and all necessary payments and registrations made in Ireland (prtb etc)
Looking into how i could ease the burden over here of my 'investment' in Ireland I discovered i could
Like so many other with joint mortgages i haven't been able to work things out with the banks or ex yet...but the burden has been eased considerably...as i said in the title, very specific circumstances but hopefully this might help a couple of other forum members or people they know.
Short history - large mortgage at the top of the market, joint with ex, acrimonious split, i eventually went to Australia, place is now rented, i have topped up the mortgage and paid all other costs...it adds up.
Fully compliant in both countries - income from rental is declared in Aust and all necessary payments and registrations made in Ireland (prtb etc)
Looking into how i could ease the burden over here of my 'investment' in Ireland I discovered i could
- get a depreciation agent to prepare a depreciation schedule on my place in Ireland (took me quite a while to find a registered deprecation agent who would prepare a schedule on a place in Ireland and had to send them on a lot of info to facilitate their work)
- set of the interest cost
- set of quite a few other related costs
- set of the cost of getting the depreciation agent to prepare the report
- set of that proportion of travel costs back to Ireland that related to my property (re-tenanting, checking/fixing property
Like so many other with joint mortgages i haven't been able to work things out with the banks or ex yet...but the burden has been eased considerably...as i said in the title, very specific circumstances but hopefully this might help a couple of other forum members or people they know.