Well i would have a choice.
My principal private residence is in dublin. but the question is would i be better off having the new purchase as my principal private residence and availing of the rural renewal tax breaks? The job i have at the moment involves a lot of travelling so i would be able to justify to the revenue that my PPR is in the rural renewal area.
However in the mean time i've had a look at the revenue web site. If you are purchasing a house with both owner occupier and investor tax breaks you can only have one of those tax breaks, i.e. you can't start off as an owner occupier and after year three change it to an investment rental property.
I have decided that I will run as an investor an avail of the section 23 breaks. its probably better in the long term. I think i'm better off in the long term?
I also believe that if the section 23 allowance is not used up within the 10 years it can be carried forward until it is used up, can anyone tell me if this is correct?