Unsheltered Rental Income?

Finance Act 2009 reduced rental interest relief from 100% to 75% for residential investments. When taken together with lower interest rates many people will now pay more income tax on rental income.

Did you know that you can shelter this rental income from tax?

Goodbody Stockbrokers have arranged a Capital Allowance Scheme which might reduce your tax bill by nearly 50%:

Capital Allowance Schemes are popular and effective methods of reducing your tax liability.
Capital Allowance schemes work by purchasing a "relevant interest" in a qualifiying building such as a hospital. This relevant interest means that you are entitled to capital allowances equal to the amount of the "qualifying expenditure". These can then be claimed over a 7 year period.
For an investment of €100,000 you are entitled to approximately €400,000 of capital allowances.
Finance Act 2009 announced a phasing out of allowances in respect of private hospitals and other health facilities. This means there is likely to be much less availability in the market going forward.

If you would like to find out more, please e-mail us Here
(kate.a.joyce@goodbody.ie)

The taxation implications relating to any investment will depend on each individual’s circumstances and may be subject to change in the future.