peterireland
Registered User
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- 5
Hi,
I bought a property in 2006 as an owner occupier.
18 months later I subsequently moved out of the property and rented it.
In line with revenue at the time (5 years), I paid stamp duty claw back on the property. I took out a loan over 5 years to fund this lump sum to the revenue.
My question is whether or not I can claim the interest on the loan against rental income. The line from the revenue PDF says: interest on money borrowed to purchase, improve or repair let property. Is this treated as delayed purchase cost?
On a side note, I believe the non payment of stamp duty claw back is something that is often overlooked.
Thanks in advance.
I bought a property in 2006 as an owner occupier.
18 months later I subsequently moved out of the property and rented it.
In line with revenue at the time (5 years), I paid stamp duty claw back on the property. I took out a loan over 5 years to fund this lump sum to the revenue.
My question is whether or not I can claim the interest on the loan against rental income. The line from the revenue PDF says: interest on money borrowed to purchase, improve or repair let property. Is this treated as delayed purchase cost?
On a side note, I believe the non payment of stamp duty claw back is something that is often overlooked.
Thanks in advance.