Almost Broke
Registered User
- Messages
- 17
My issue is regarding tax.
I purchased a new home in Navan last year and have achieved renting it as solheim cup accommodation next September. This increases my income in 2011 by €19,000.
We have €395,000 left on our morgage. Instead of taking the €19,000 as income is there some way of channeling these funds directly to the morgage provider so as not to incur "income tax" on this amount.
Any extra info would be great
Abby
I purchased a new home in Navan last year and have achieved renting it as solheim cup accommodation next September. This increases my income in 2011 by €19,000.
We have €395,000 left on our morgage. Instead of taking the €19,000 as income is there some way of channeling these funds directly to the morgage provider so as not to incur "income tax" on this amount.
Any extra info would be great
Abby