Gerry Adams
Question:269. Deputy Gerry Adams asked the Minister for Finance his plans to phase down the amount of interest that can be offset against rental income for tax purposes to 25%. [48634/12]
View answerTuesday, 6 November 2012
Questions (269)
Written answers
The level at which interest repayments can be claimed against tax for residential rental properties was reduced from 100% to 75% in section 5 of the Finance Act 2009. There is no specific proposal in the Programme for Government to decrease the amount of interest on borrowings that can be offset against rental income for tax purposes, however, as a matter of course all such taxation measures and reliefs are considered in the context of the budgetary process.