income tax break when mortgagin property in Germany?
We live in the UK and are planning to buy two apartments in Germany (Berlin) as an investment, buy to let.
We are wondering what the tax will be exactly, i.e. what percentage of rental income (and would we pay anything in addition in the UK)?
We will get a mortgage in Germany and know that if we were earning in Germany we could get a tax break for the interest we pay. Does a similar tax break apply to our income tax that we pay in the UK?
Would be grateful for further information.
|