Tax-designated houses in Ballyleague

Showhouse open this weekend! Sherry FitzGerald/P. Burke Auctioneers are calling the attention of Roscommon People readers to the availability of hugely attractive tax designated houses that stand in a new development on the banks of the River Shannon at Ballyleague in County Roscommon. A wide range of high quality homes has recently come on the market at Ballyleague following the completion of the eagerly anticipated Shannonside’ development. ‘Shannonside’, which features turn key properties that are fully kitted out to high specification, is an exclusive development of two, three, and four bedroom semi-detached houses. The purchaser of a house at Shannonside will qualify for section 23 tax relief, which allows approximately 87% of the purchase price to be written off against all rental income of the investor provided the house is utilised for rental purposes. Owner occupiers are entitled to tax relief against total income, at the rate of 5% per annum of the qualifying construction cost over ten year. These houses are all fully painted internally and externally and are surrounded by levelled front and rear gardens that are seeded as standard. The houses have solid hardwood front doors and cobblelock driveways. Each house contains a superior fitted kitchen with fully tiled floors and splashbacks. There is a stylish fitted fireplace in each living room as standard and regency doors are fitted internally in each house. The main bathrooms in the Shannonside houses have fully tiled floors and have partially tiled walls. These are energy efficient homes and are fitted with modern power showers and other regular WC appliances. All houses are heated by oil fired central heating. Particular attention has been paid to an extensive landscaping plan for the development’s common areas. Shannonside is within walking distance of local amenities in Ballyleague and Lanesboro. Shops, pubs, sporting and recreational facilities, and elegant restaurants are all within walking distance of Shannonside. Longford and Roscommon are both within 10 minute drives of Shannonsides, and there are trains to Dublin available in both towns daily. Section 23 tax relief can be utilised in the first year. If sufficient rental income is not available in the first year the excess relief not claimed can be carried forward and offset against rental income of the investor in subsequent years.  The house must be let under a qualifying lease throughout the period of ten years from the date of the first letting. It cannot be sold within this ten-year period without a clawback of the relief granted. For further information contact Sherry FitzGerald/P. Burke at 090 6627200 or email info@pburkeassociates.com   Showhouse open Saturday 10th and Sunday 11th May, 2.00 – 4.00 pm