Finance
Your personal finance questions – Can I avoid paying tax on rental income if I buy a property with my pension?
Plus, First Home Scheme eligibility for divorced people, and should you bother with travel insurance?
Rental income earned from property is exempt from income tax if the property is bought through a pension scheme. Photo: Getty
Q Is it true that I don’t have to pay income tax on rental income earned from an investment property if I buy that property through a pension scheme?
A Rental income earned from property is exempt from income tax if the property is bought through a pension scheme, as long as the scheme has been approved by Revenue as tax exempt, said Glenn Gaughran, head of business development with the Independent Trustee Company.
Source link
