Tax allowances.
The golf lodges are registered with Fáilte Ireland and qualify for tax allowances against all Irish source rental income under Section 268(1)(d) TCA 1997. Allowances are available at the rate of 10% per annum for 10 years. At 98%, the amount of the purchase price which qualifies for tax allowances is exceptionally high.
Up Front Payment of €100,000.
Lodge investors can choose to recieve an up front payment of €100,000, being the total rent due over a 10 year period.
Guaranteed buy back option.
Golf lodge investors have the option of entering into an agreement with the promoters to buy back their golf lodge after 10 years at the full purchase price. Investors who choose this option can fully claim the tax allowances available over the 10 year period and can resell their golf lodges at the end of this period without losing any of their original purchase price.
Alternatively an investor can choose not to enter into a buy back agreement and instead retain ownership of their golf lodge.
For further investment details, Contact:
Ann Brennan at abrennan@laloroshea.ie
