Daddy Ireland
Registered User
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- 458
Thanks. Overlooked that.Rent a room only tax free if all income under 14k.
If over 14k, ALL rental income is taxable.
2 bed apartments in Maynooth being advertised at a quick look at 1,500 to 1,800.
Point taken but I doubt two professionals could not be found to pay 1,500 between them even under a licensee situation.Also a 2 bed apartment in its entirety will yield a higher monthly rent that 2 bedrooms within a three bedroom, shared with the owner on a licensee basis - licensees have no tenant rights so rent is typically lower.
Optimistic I agree but not beyond the bounds of impossibility ?15 years ago banks loaned money without much logic.
Today they refuse to loan money without much logic.
That said your scenario is on the optimistic side.
So no bank full stop will lend based on rental income to a first time buyer who would rent out two rooms in a three bed apartment ?
But I'd also say... Have a think about it. Is it really a good idea right now?
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