Case study Equity release on rented property

[salmonofdoubt]

As a landlord abroad (EU), renting out an apartment in Dublin, is it possible to launch equity release on it? There is no mortgage left on the property.
If ER is possible, would this be considered income, and what taxes are due?

 

[Brendan Burgess]

It would not be considered income.

But as you have not borrowed the money to buy the property, then you could not set the interest payments against the rent received for tax purposes.

Not sure if it's available. Maybe ICS would do it.

Best to talk to a mortgage broker in Dublin.

Brendan