Have been asked this but did not know the answer...over to you good people...
If you have an investment property (with little borrowings) and a primary residence, can you borrow against the investment property and use the money to renovate the primary residence (and thereby get the full benefit of tax relief etc.).
Sounds too good to be true. I would be amazed if the Revenue have not copped on to this one but how do they verify what you do with the money?
If you have an investment property (with little borrowings) and a primary residence, can you borrow against the investment property and use the money to renovate the primary residence (and thereby get the full benefit of tax relief etc.).
Sounds too good to be true. I would be amazed if the Revenue have not copped on to this one but how do they verify what you do with the money?