Stamp duty/Mortgage Interest Query

I

Investmind

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Happy new year to all

Anyway just a few questions

Myself and my g/f bought an apartment in oct 05 as FTB's but as it happens we are thinking of moving to the caribbean to work this time next
year

We are in debate what to do with the apartment..she wants to rent it out and pay the stamp duty of 8k avg and give it to a property agency..my 1st question is would we lose our mortgage interest relief as a result of the above?

The second option is to rent for cash & avoid stamp duty..is this dodge?

Final option is would we be better of selling as it has gone up roughly 25k in this period and if my theory is right as its our 1st PPR we would avoid CGT...

Any suggestions welcome?
 
Hi there, I would side with your gf I'm afraid - it is only a mater of time before the revenue catch up with FTB beneficiaries who rented acomadation.

I would'nt sell as you might find in 5 more years you would like to come back, I did hear this am on the radio that the current demand for housing in Ireland will possibly peak in 2012 - Popes children and their demand!!!
 
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