frescoflyer
Registered User
- Messages
- 19
Hi,
I own a house in Dublin, worth aprox 380K with 60K outstanding.
I will be moving into my girlfriends house early next year. Her house is bigger and more closer to town than mine.
I plan to rent my house out. I am wondering the most tax efficient way of dealing with this. I presume, because it will become a rental property that I will be able to claim full relief on the interest on the outstanding mortgage?
Therefore, would I be best to reduce the monthly repayments on the outstanding loan (by increasing the term) so that I can maximize the tax relief on the mortgage interest?
Also, wondering what I can write off against tax with regards to existing furniture, white goods etc?
Many thanks,
Cormac
I own a house in Dublin, worth aprox 380K with 60K outstanding.
I will be moving into my girlfriends house early next year. Her house is bigger and more closer to town than mine.
I plan to rent my house out. I am wondering the most tax efficient way of dealing with this. I presume, because it will become a rental property that I will be able to claim full relief on the interest on the outstanding mortgage?
Therefore, would I be best to reduce the monthly repayments on the outstanding loan (by increasing the term) so that I can maximize the tax relief on the mortgage interest?
Also, wondering what I can write off against tax with regards to existing furniture, white goods etc?
Many thanks,
Cormac