Written answers

Tuesday, 6 February 2007

10:00 am

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 268: To ask the Minister for Finance the amount of interest relief granted in relation to interest relief on investment properties let for residential purposes; the breakdown of the numbers of such mortgages and properties; the average amount of investment relief per property; the highest and the lowest and the number of such properties in each county; and if he will make a statement on the matter. [3611/07]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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Interest on borrowings is allowable as a deductible expense in calculating tax on rental income from residential property. Figures of loan interest allowable on borrowings taken out for investment in house property are not separately identified in tax statistics, and it is not therefore possible for the Revenue Commissioners to provide the information requested by the Deputy in relation to interest relief granted to the landlords of rented residential property, the mortgages or the properties involved.

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