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dm101
Guest
I bought 2 investment properties in Tipp a couple of years ago and then purchased my main residence in Dublin 2003. I purchased the main Dublin residence on an investment loan (bank gave 80%) and I came up with 20% plus 9% stamp duty. The reason I purchased it with an investment loan was that I didnt need to take out life cover (as is required by the bank when buying your home loan) which was prohibitively expensive due to my medical history. I keep a room there myself and as I bought it with an investment loan I am renting out 3 rooms (rental income: 1500 euro/mth) & writing off the rental income against the interest on the loan. I know I am allowed to do this but as it is my Principle Primary Residence will I have to pay capital gains tax on it if i eventually sell?