Purchase Investment Property with Fixtures & Fittings

[Daddy Ireland]

If one purchases an investment property for €200k with a 70% mortgage including the Fixtures & Fittings can individual write a proportion of the 200k off against rental income and for how many years and how is that sum for Fix & Fit determined ?

 

[Mrs Vimes]

Interest paid (or payable, I can never remember) is deductible in arriving at taxable income.

Fixtures and fittings are generally eligible for Capital Allowances at 12.5% pa.

 

[Daddy Ireland]

Thanks. But I'm unclear as to whether the Fix & Fit element of the 200k property (whatever amount that is deemed) can be eligible for capital allowances at 12.5% p.a or even if such a thing is possible to split the purchase price in order to claim the 12.5%.