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Tax Implications In Germany?

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Hi all,

First post here! I'm living in Dublin and I have c. €200k equity in my €300k house. I want to release c. €140k and buy to let in Cologne. Does anyone know the tax implications on my rental income from the flat if I obtain my funds entirely in Ireland (I have a 3.0% APR mortgage as opposed to app. 4.0% in Germany)?

I've heard that I can only deduct interest paid on a mortgage secured IN GERMANY from my tax liability on the rental income, is this true?

Thanks for any help, I'm having some difficulty getting to the bottom of this!

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
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      • Even
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