P
Pat
Guest
Hi folks,
Just looking for some advice on my predicament.
I live in an apt with my wife and child. We are trying to get a house but are in neg equity. So we need to rent one.
I could get 950 rental for my place but mortgage is 1250 and rising...
I have found a small house in the locality which would suffice and i could probably get it for around 850.
I know its not a straightforward €100 savings so can you advise what rate of tax i would have to pay on my rental income and is the whole 950 taxable or only a percentage of it?
Im trying to come to a figure that i would need to shell out each month if i went ahead with the switch. Appreciate any advice.
Regards, Pat
Just looking for some advice on my predicament.
I live in an apt with my wife and child. We are trying to get a house but are in neg equity. So we need to rent one.
I could get 950 rental for my place but mortgage is 1250 and rising...
I have found a small house in the locality which would suffice and i could probably get it for around 850.
I know its not a straightforward €100 savings so can you advise what rate of tax i would have to pay on my rental income and is the whole 950 taxable or only a percentage of it?
Im trying to come to a figure that i would need to shell out each month if i went ahead with the switch. Appreciate any advice.
Regards, Pat