Tax on the refinancing of a US investment property

macdommy74

Registered User
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1
Hello,

I own and rent a US investment property - everything is properly declared to both the IRS and Irish revenue.

I want to use equity in that property to bring home some cash to find some renovation in my Irish home - what are the tax implications for doing this? Anything above and beyond the ordinary that I should be keenly aware of?

My expectation is that there to be no surprising tax implications .... but maybe I am mistaken. Looking for help, thanks!

Thanks!
 
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