Taxpayers forking out €70 million in tax breaks on foreign property

Irish taxpayers are forking out up to €70 million in tax breaks on property outside the State. Revenue figures, provided to me through a Dail question, show that in 2010, the last year for which figures are available, the estimated cost of allowing landlords write off mortgage costs against rental income from foreign property was €69 million. In 2009, the cost amounted to €71m. In total there were 13,522 cases … Continue reading Taxpayers forking out €70 million in tax breaks on foreign property