Tax Incentive Properties

The Budget 2000 restoration of mortgage interest relief and the lowering of stamp duty rates has put residential property back on top as the most favoured and rewarding investment in the marketplace. It leaves most other forms of investment in the shade. On top of this, by purchasing a new apartment or house along with a Section 23 qualifying apartment or house, you can enjoy tax free rental income on both for years to come.

What are Sections 23 and 50?

The Section 23 relief can wipe out your tax bills on all existing or future rental income you have from any type of property in Ireland.

Whether it is retail, office, industrial or residential. Section 23 Type Relief provides tax relief for the capital expenditure incurred on the construction, refurbishment or conversion of rented residential accommodation. Section 23 Relief is a tax deductible rental ("Case V") expense or loss. Section 50 relief operates in the same manner as Section 23 relief but relates to qualifying student accommodation. Ely Property specialise in the sale, letting and financing of residential investment properties, we continually have a number of really interesting developments for sale. Turnkey packages for purchase,finance,letting & fit-out are available. Please contact us for more information.

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