T
Trebledigit
Guest
As an investor with a single let property (2 years into a 21 year lease)am I right not to be concerned about increases in interest rates ? My rental income far exceeds the interest payable and is likely to continue like that unless:
a) Interest rates climb back into double figures
or
b) The A#se falls completely out of the Dublin rental scene.
In effect, the taxman covers me for any increases in interest rates as a deduction against the income tax on my rental income. Am I right or is there something I'm missing ?
Trebledigit
a) Interest rates climb back into double figures
or
b) The A#se falls completely out of the Dublin rental scene.
In effect, the taxman covers me for any increases in interest rates as a deduction against the income tax on my rental income. Am I right or is there something I'm missing ?
Trebledigit