Apologies if this is covered somewhere else.
I've read in other threads/sites that mortgage interest is not an allowable expense unless I register with the PRTB.
I've also read that if I only rent for holiday/short term lettings, I don't need to register with the PRTB
So a couple of questions.
1. If I am doing a number of holiday rentals during the year (and I'm not registered with PRTB) is my mortgage interest an allowable expense?
2. If yes, can I use 75% of my annual interest or do I need to calculate pro-rata based on the number of weeks I rent during the year
3. Is there a thread/site which can provide further info on what else I can claim for holiday/short term rentals.
Thanks in advance for any help
I've read in other threads/sites that mortgage interest is not an allowable expense unless I register with the PRTB.
I've also read that if I only rent for holiday/short term lettings, I don't need to register with the PRTB
So a couple of questions.
1. If I am doing a number of holiday rentals during the year (and I'm not registered with PRTB) is my mortgage interest an allowable expense?
2. If yes, can I use 75% of my annual interest or do I need to calculate pro-rata based on the number of weeks I rent during the year
3. Is there a thread/site which can provide further info on what else I can claim for holiday/short term rentals.
Thanks in advance for any help