Nursing Homes

[handyman]

Hi,

We have an investment property that is mortgage free, value 500k, rental income 1400 pm.
We also have a second investment property, value 230k, mortgage repayments (int. only) 1200pm, rental income 900pm.
My husband has started a company and is in the high tax bracket.
Would investing in an Nursing Home shelter ALL income or how do I reducethe tax I pay on the mortgage free rental income??

Thanks

 

[Formosa]

Handyman,

I know of a nursing home investment scheme where approx €30k p.a. is allowable against ALL income, with another approx 20k p.a. allowable against rental income, for 7 yrs (figures will depend on what you pay for the unit).
PM me if you would like further info.

 

[NicolaM]

Formosa,
Perhaps you could share what this is (unless it would be advertising), so everyone could benefit from this information? Is this a government led scheme or other?(I presume it must be, if you are saying that there are Tax incentives associated)
Regards
Nicola