Purchase Investment Property with Fixtures & Fittings

Daddy Ireland

Frequent Poster
Messages
459
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

Frequent Poster
Messages
992
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

Frequent Poster
Messages
459
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%.
 
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