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Sorry about the misunderstanding, if we were on interest only we'd probably break even with the rent. The €600 pm supplement on the mortgage is really mostly capital. Going interest only would improve our cashflow in the short term but the shortfall on an eventual sale would be greater

its interest and capital at the moment. However for every year we keep the house we lose Supplement to mortgage - € 6,000 Interest Charged - €10,400 ( est 260k @ 4%) If we were putting this towards the shortfall, we could live with that as the mortgage on our PPR is v manageable

We have a rental property which we have to supplement the mortgage by €500 per month. Every year we keep it, we're losing €6k plus the interest of circa €10,000. The loan is with KBC. If we sell it, we'll obviously be carrying a shortfall on the loan of circa €50K. My questions are...

Our US parent is making 2 of us redundant. We have been only offerred statutory redundancy capped at €600 p/w. Do we have any redress given the company will continue to operate in Ireland? Is there anything we can or should do???

No savings worth talking about. Under the following assumptions, what would you do Mortgage €280K-term 30 yrs Est Value €200K - 37% fall from peak Monthly rental income €700- 800 per month Interest rate 3.8% fixed for nxt 2 years It comes down to the opportunity cost of paying the balance...

My brother has a house which he bought for €300K & is now worth probably €200K at best. His mortgage is €280K. He is moving in with his girlfriend who luckily has her own house and much lower mortgage ( no negative equity) He's at a crossroads: Sell and realise a loss carrying the debt fwd (...

Any recommendations for a 2 night stay in Listowel/Ballybunion or anywhere in north Kerry/Cork/Tipp/ Lmk??

Thanks all for the feedback.......he's paying for it himself not through his business but is quoting the VAT # to reduce the cost. there's no doubt that this is tax evasion in NI whatever about an offense here. I'm just wondering whether HMCR pick up these things or not. Is this not the point...

I'm having an agrument here with a former colleague who runs his own business. He's bought a load of stuff for his house from suppliers in NI and avoided paying VAT by quoting his Irish VAT number. This has to be dodgy. What are the chances of him getting caught through VIES etc or how would...

Thanks for the response, do Revenue define what is an "economic letting"?? In any case given the land was purchased for development - which would be a considered a trade, these losses may well be case 1??

I know a fella who has rental properties that are making a profit. However he's sitting on "development land" where the interest costs are accruing and there is no possiblity of selling/developing. The interest cost is racking up but he's unable to pay it. Can this interest be offset against...

Hi We're a small export business based in Galway and occassionally we have to get documentation stamped at the Dept of Foreign affairs or at a foreign embassy. This requires a member of staff to go to Dublin often at short notice. Given we've only 4 staff, its a huge cost both in terms of...

Any luck with this? I'm looking for someone to fix a dishwasher, preferably with no call out charge!!

Thanks for the info Rudolf, pm sent

Can anyone give me a quick guide to VIES and Intrastat? I've never done these reports before:o

Hi Not sure if this is the right forum I'm looking for a farm labourer near enough to Galway city, jobs include stone wall building,hanging gates, cleaning sheds,using a tractor, fencing. If anyone knows someone who fits the bill, let me know. Alternatively if you know of a more appropriate...

Can anyone recommend someone to fix a tv in the Galway city/suburbs area? Its a 32 inch and is too big to move easily. Thanks

Thanks Advisor, is it true that the seller is exempt from CGT on such a transaction?

Hi All Not sure if this is the correct home for this topic. I am involved in a football club. We're acquiring a new pitch, is the transaction exempt from Stamp Duty?

An Isuzu NPR with an open back & creels preferably...Have a load of tree branches to move & this would be just the thing to do it with. Any leads let me know