TaxAssist Bite Sized Tips – Rental Income

TaxAssist Bite Sized Tips – Rental Income


(upbeat music) – When the landlord approaches us, at times they can be confused
as to what the profit is on their rental property. They see income coming in
be it 1,000 Euros a month and they may see a
mortgage repayment going out for that same 1,000 Euros. Unfortunately the rules state that it’s only the mortgage interest on that repayment that you can deduct. You will still have a taxable profit if you have a rental property. Approach your accountant,
get the proper advice as to what taxes you should be paying. (upbeat music)

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