Questions re letting primary principal residence

[plaid]

Is it true that if you rent out your primary residence you lose your first time buyers mortgage interest supplement and are you liable to pay 200 euros 2nd home tax.

And if so is this something the comittee advising the govt on mtg arrears could address - as families in houses which are too small for their needs and are in negative equity have no mobility.in terms of being able to rent a more suitable size home, and those who may need to move to other locations to avail of job opportunities.

thanks

 

[shesells]

Yes, yes and ...you would think so but this is Ireland.

If you rent out your PPR you are liable not just for the €200 tax, but to register with the PRTB, to pay tax on rental income and for capital gains tax should you sell.