ubiquitous
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... since this is the first year of this rule no clear precedent has been established. in the event that they can't, a phone call to their local tax office explaining situation might be the only option.
agreed, but if you go on the advice from your tax office on the first year a rule is in place (and which hadn't been communicated effectively) you would have a defence.
Agreed but what does one do if ....
The revenue then claimed that I could not deduct the interest!!
Agreed but it is also well known that badly drafted and ill-thought out tax legislation can lead to all sorts of anomalies.i would have thought that the purpose of the requirement was to ensure that all landlords started to register their properties with the prtb, rather than a revenue generating exercise from unsuspecting landlords in year one.