Can someone confirm to me what is the interest relief on foreign property income? I know that as of 2009 this was reduced to 75 %. Does this apply to loans taken out from this date onwards or to all loans taken out, irrespective of when they were taken out i.e before 2009?
It doesn't matter when the mortgage was taken out. The reduction of interest relief to 75% applies to all qualifying mortgages/loans. The interest relief is the same for Irish rental income. You can only offset interest against foreign rental income for loans/mortgages used to purchase/improve foreign properties and not properties in Ireland.