Renting PPR..Tax implications?

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johnnyg

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What are the tax implications if you rent your
PPR after living there 2.5 years? Are you liable for stamp duty clawback or CGT? Any other revenue considerations to look at when renting..cheers
 
There are a gazillion threads on this topic - do a search and you'll get all the info you need.
 
johnnyg said:
Are you liable for stamp duty clawback or CGT? Any other revenue considerations to look at when renting..cheers
Click to expand...

No not liable for stamp duty as its within 2 years of purchase that clawback applies
Not liable for CGT either as you havent sold

You need to register with PRTB when letting
You must declare rental income in your tax return
You can offset mortgage interest + house maintenance, expenses against rental income as long as you are PRTB registered
 
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