Tax and Rental Properties
 

The question is, say I am a married resident of the republic earning Euros 40k per annum in my full time job and I let out a property for 500e per month how much tax would I be expected to pay on top of what I earn already and at what rate?

I ask this on behalf of a family member who tells me any profit would be taxed at 40%.

I fail to understand how such a rate of tax would allow people to invest in property to let out considering that others cannot afford to buy?

Please put me straight on the matter or at least point me in the right direction.

Best regards
jonboy