The treatment of your income or capital growth will depend how you trade, as a limited company or as a sole trader, and who or what purchases the property. There are a number of legitimate ways of mitigating your taxation, and these should be explored prior to your first purchase.

Most accountants would be overjoyed that you have taken the step of consultation prior to purchase, rather than buying and then asking, how can you get me out of this mess. You need to have a long term plan as this will determine the vehicle you use to purchase your investments, and the most efficient use of tax mitigation.

What did granny say, look before you leap, well she was right, do your homework and due diligence, and it will pay dividends in the long term. The Revenue has got its act together, and the fines for non payment or evasion are not very funny. Get it right from day one and you will be able to avoid sleepless nights.

When clients enter into the arena of investing in property, be it residential or commercial, they should be fully aware of the tax implications on disposal of that property, and if they are a landlord how the income will be treated by the Revenue.