Mortgage interest relief & rental income deduction

A

AKW

Guest
I have a mortgage interest allowance on my investment property; in 2007 I paid €8000 in mortgage interest and received €1000 in mortgage interest relief



Can I deduct the full €8000 when calculating my rental income tax payable? or just €7000?
 
I don't know where the 7000 comes from.

All interest paid to buy or upgrade an investment property is allowed as a deduction from rental income.

See here:

[broken link removed]
 
If the 1000 means TRS relief, then this only applies to people who own and live in their PPR.
 
...but you must also repay to the Revenue the €1000 you have received in mortgage interest relief.
 
Also, you can only deduct the mortgage interest if you're registered with the PRTB.
 
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