Tax relief on rental income

B

buzz55

Guest
Can anyone explain to me what the following means:

Substantial SECTION 50 TAX RELIEF of €192,700 approx. on rental income

I've seen it on an auctioneers website.

Thanks.
 
I'm sure this is is student accomodation on sale to investors.

As an investor you can get tax relief on the purchase...

similiar to section 23 but you can't live in the accomodation or specify who rents the accomodation.

i'm sure there's info on revenue.ie
 
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