Rent Relief

OLDYELLAR

Right Im wondering if I`d be entitled to this.
Im in a rented accomodation with the bf , Im a PAYE worker .
Ive had a quick look online about this and I think I may be entitled to the 330 euro tax relief but then again Im not sure,.

Is there certain criteria I need to meet to become eligable , Ive never looked into this before and I was also A PAYE worker all of 2005 living in a rented premises .

jayok

Oldyellar,

Yep you are entitled to tax relief for rented accomodation - doesn't matter if your are in a place on your own or with 10 people. Your personal credit is all that matters. To claim this relief you will need your Landlords PPS number (which he/she must give you) and you fill out a rent relief form. Google it and you'll find it.

You can claim rent relief from last year also, provided you are able to prove you paid rent (you should get a receipt). If you cannot prove it on paper, but did pay it (as few landlords give rent books) I would try claim anyway the Revenue falls on the side of Renter here.

There are no special requirements to claim this.

BTW If you landlord doesn't give you his/her PPS number or gives you some bullsh1t, just submit the form with a letter saying he/she wouldn't give it - sit back and watch the audit fun begin

OLDYELLAR

Will do , Ah I cant see why she wouldnt give me her PPS number as I know that she does declare the place.

But then again people can be awkward , either way Ill be ringing up and giving her name and address , wow Id say loads a people dont know about this and other stuff and never get what their entitled to , the bf`s living with me too and A PAYE worker a year and a half longer than me and hes never claimed it either,.
Should he get a cheque for the last 2 years woth so? Preovided we can prove it that is.

cormie

What's this? €330 per month, per year?? How do you get it? I want to move out, the only thing stopping me is the cost of renting, I'm a student... am I entitled to anything? Scrounger students:p

jayok

Should he get a cheque for the last 2 years woth so? Preovided we can prove it that is

It is not a combined rent relief tax - unless your married. If he can prove it I believe you can get upto 5 years back! But at the rates for the appropriate year e.g in 2005 it was 20% of €1,500 or €300.

What's this? €330 per month, per year?? How do you get it? I want to move out, the only thing stopping me is the cost of renting, I'm a student... am I entitled to anything? Scrounger students

Well it's not a grant, but if you are a PAYE worker you get Tax Credits against your salary that in effect gives you the extra money in your pocket.

The €330 comes from 20% of the upper limit which for 2006 is €1,650.

jayok

Id say loads a people dont know about this and other stuff and never get what their entitled to

Yep, and the biggest culprit here is the MED1 expenses form. Yes people you can claim medical expenses!

OLDYELLAR

Tried ringing the tax office today , but ended up holding for 20 minutes and then it was time to head back to work.

Ou medical Expenses too , Great stuff , Oh ya since this probably wont be sorted out til March should I get say 27euro which I think is 330 divided by 12 in my pay for Jan and Feb since it hasnt been included in this years tax credites yet?

I emailed the revenue also.

jayok

Do you need to ring them? You can get the Rent1 form here:

http://www.revenue.ie/forms/rent1.pdf

Fill this out and submit to them and they will apply the credits.

You are correct, the €330 is divided on a monthly basis, so €330 / 12 = €27.50 per month. The tax year runs from 1 Jan - 31 Dec, so if it's applied in March you'll get €55 for Jan + Feb and €27.50 for Mar.

With previous tax years it would be a cheque refund.

OLDYELLAR

I cant believe I never heard about this before , Yea I suppose you right I dont really need to ring , it was mainly to see if the bf could claim back as far as 2004 that I wanted to call them.

Im goina get right onto that MED1 while Im at it , god knows the doctor is expensive enough as it is.

Ya whats the craic will they want a copy of the lease? The lease is ending In march and then were renewing until September , will they want proof that we`ll be staying here until December 2006?

Oh another thign ,we pay rent via direct debit and get no receipt so will a letter by the landlady stating this do as proof that we pay rent?

jayok

Ya whats the craic will they want a copy of the lease? The lease is ending In march and then were renewing until September , will they want proof that we`ll be staying here until December 2006?

Nope, you won't need to provide a letter or copy of the lease upon submission, they will automatically assume that you are telling the "truth". However, you have a legal complicance to keep all documentation and proof of payment for six years after the fact (see the end of the Rent1 form).

In reality they are unlikely to audit you, but if they do and want to nail you they will get pickey about this.


As for the MED1 forms, you are entitled to this, claim it. I don't know why people don't claim this stuff, but to be fair the government doesn't make a big issue out of it as it's more in the coffers...

OLDYELLAR

jayok thanks a million , you`ve been a great help.

Just rang the landlady and shes back at 8 so all going well , we should have the applications in at the weekend.

Yea Im just googling that med 1 at the minute , Im in one of those get everything Im entitled to modes
Seriously people need to be made more aware of this stuff!

jayok

No problem, there are other entitlements, you should always keeps yourself aware of them!

OLDYELLAR

Im claiming absolutely nothing at the minute.

Off the top of yer head is there anything else Id be entitled to?

Zascar

I rented in a flat for over 3 years, but the flat belonged to a friend of mine, and I'm pretty sure he was not declaring it. I'd love to get this tax relief but I certainly do not want to get him in trouble with the revenue!

Is there any way around it? I don't have his pps number and I doubt he'd be thrilled to give it to me if I asked, I haven't really spoken to him in nearly 2 years... If you claim does it mean the revenue will deffo audit them?

jayok

OLDYELLAR wrote:

Im claiming absolutely nothing at the minute.

Off the top of yer head is there anything else Id be entitled to?

I don't mean to sound smart, but I'd have no idea what you specifically are entitled to tax credits as they vary depending on your circumstances. You will need to asses your own situation, and apply the credit. For example other reliefs off the top of my head are:

1. Mortgage Interest Relief
2. 3rd level fees (on approved course)
3. Domestic Charges relief
4. Carer Allowance
5. Capital Gains Relief (€1,270 pa)

The list goes on. Again, I am not trying to be smart about this, but it's easier to answer the question am I entitled to.... than the converse. You need to look at your expenses in life and the research if there are any reliefs for this.

I hope this helps.

OLDYELLAR

Im actually looking into tax relief on the part time course Im starting on the side , Goina ring the revenue tomorrow anyway and find out for definite

Ah I was really only chancing me arm asking , I guess this Tax course thats costing over 700euro should help:)

jayok

Zascar wrote:

I rented in a flat for over 3 years, but the flat belonged to a friend of mine, and I'm pretty sure he was not declaring it. I'd love to get this tax relief but I certainly do not want to get him in trouble with the revenue!

Is there any way around it? I don't have his pps number and I doubt he'd be thrilled to give it to me if I asked, I haven't really spoken to him in nearly 2 years... If you claim does it mean the revenue will deffo audit them?

Well, maybe, not so much a way around it, but it depends on how your friend "rented" the flat to you. If you lived with him then he "rented-a-room" to you under the rent a room scheme, as such he can receive €7,620 pa in rentral income without a tax liability. If he was renting the whole apartment/flat to you and his PPR (home) was elsewhere then he would have a tax liability.

It's upto you to decide, if he was evading tax and you submit the form the may or may not decided to investigate Revenue - there's no guarantee. If you wish for him to stay below the radar then you'd be better off not claiming.

NOTE: I am not advocating/supporting tax evasion in this case, I am just explaining it as it is

SarahMc

You don't need the landlord's PPS number, just leave this blank. But revenue do use this form to cross check to see if the landlord is declaring rental income.

Another underclaimed relief is trade union membership subs, and MED 2 for dental work.

Certain trades or professions can claim an allowance http://www.mcgibney.com/Expenses4Employees.htm

jayok

OLDYELLAR wrote:

Im actually looking into tax relief on the part time course Im starting on the side , Goina ring the revenue tomorrow anyway and find out for definite

Ah I was really only chancing me arm asking , I guess this Tax course thats costing over 700euro should help:)

No you're not chancing your arm, check this one out:

http://www.revenue.ie/revguide/tuitionfees.htm

OLDYELLAR

jayok wrote:

No you're not chancing your arm, check this one out:

http://www.revenue.ie/revguide/tuitionfees.htm

Im goina call the revenue about this because the course is 2 five month stints but its costing over 3,500 euro , so itd be nice to claim at least something back on it.
They`ll probably say no because it aint for thr 2 years , but if I dont ask I wont get .

jayok

OLDYELLAR wrote:

Im goina call the revenue about this because the course is 2 five month stints but its costing over 3,500 euro , so itd be nice to claim at least something back on it.
They`ll probably say no because it aint for thr 2 years , but if I dont ask I wont get .

Now that's the attitude! Know your entitlements

Best of luck with it.

OLDYELLAR

Im goina bleed the revenue dry

With any luck I will anyway.

kluivert

Oldyellar

So you starting your exams then,

Tax Relief is availabe at 20% on all revenue approved courses.

Please check with the college you intend to use to ensure that they are revenue approved for that course.

Rent Relief should be available to you as well the the docs bills etc.

In regards to MED1 as it states please retain all docs bill etc for inspection if required.

OLDYELLAR

Yea Im fairly sure the course is revenue approved ,Keep getting put on hold to the revenue on me lunch break :rolleyes:

Looks like ILL NEED a day off to sort out my taxes , yea kluivert did you get relief on your course? Or was yours for longer than two years anyway?

so I get 20% Tax relief on the cost of the course is it?

Id say myself they`ll be reluctant to give me that as its in 2 installments you know one from Now until June and then I apply again to go from August to December , Not anywhere near the 2 year mark .

kluivert

Yeah its 20% relief on course fees for courses paid for during the year.

My firm wanted to pay for them as they could claim the relief but i told them to give me the money instead.

Good luck with the exams the ACCA are changing the syllabus in 2007, have a read about it, some big changes on the way like not having to sit the finals in one go, they can be done seperately now.

chuckles30

Not sure if it was mentioned already, but don't forget to claim the tax relief on your bin charges too!! It doesn't matter if the account is not in your name (it might not be if you're renting), one you have the receipt.

OLDYELLAR

kluivert wrote:

Yeah its 20% relief on course fees for courses paid for during the year.

My firm wanted to pay for them as they could claim the relief but i told them to give me the money instead.

Good luck with the exams the ACCA are changing the syllabus in 2007, have a read about it, some big changes on the way like not having to sit the finals in one go, they can be done seperately now.

Yea I was reading about all the changes myself kluivert , Im doing the course from August to Dec hopefully for the final 3 but now Im worried that Ill pay the course sit them fail them and then end up with it being a different syllabus for the repeats , could that happen?

Yea Chuckles , were not paying any bin charges here , Im actually not sure who pays it , some company are paid by the owners on a contract basis to empty them , it was one of the perks of the place

Kinetic^

OLDYELLAR wrote:

Yea I was reading about all the changes myself kluivert , Im doing the course from August to Dec hopefully for the final 3 but now Im worried that Ill pay the course sit them fail them and then end up with it being a different syllabus for the repeats , could that happen?

Yes Oldyellar, its happened to few people I know doing ACA, its very very annoying for them and they :mad:

Get them 1st time, only thing around it really.

We've all got faith in you.

OLDYELLAR

I dunno is that possible , anybody I know that sat them had to sit them at least twice to get them

Ah Bou , I could do without having to wait around til next June to sit them , might be a better idea though?

Kinetic^

OLDYELLAR wrote:

I dunno is that possible , anybody I know that sat them had to sit them at least twice to get them

Ah Bou , I could do without having to wait around til next June to sit them , might be a better idea though?

Eh no, get the fcuking things out of the way and be done, then let the €€€€ roll in

OLDYELLAR

Keyser Soze 5 wrote:

Eh no, get the fcuking things out of the way and be done, then let the €€€€ roll in

heh , bring on the tax relief

yea Im just nervy ya know paying for the course and then I might end up paying to do the amended course for the repeats ,

Double bubble , I dont like the sound of that.

RainyDay

Zascar wrote:

I rented in a flat for over 3 years, but the flat belonged to a friend of mine, and I'm pretty sure he was not declaring it. I'd love to get this tax relief but I certainly do not want to get him in trouble with the revenue!

Is there any way around it? I don't have his pps number and I doubt he'd be thrilled to give it to me if I asked, I haven't really spoken to him in nearly 2 years... If you claim does it mean the revenue will deffo audit them?

If you haven't spoken to him in 2 years, he's hardly your best buddy. We need to get over this nod/wink attitude to tax evasion. It's no wonder that some of our politicians & business leaders have been found to be fiddling their taxes when these attitudes are so prevalent. Claim the relief and let him sort out any issues that arise.

Zascar

Good point. I was getting it for very cheap rent and it probably didn't go over the threshhold anyway. So if I fill in the forms and leave his pps number blank, they will still issue me a refund. I lived there for 3 years, do I have to fill out 3 forms or just one? What is to stop anyone saying they lived somehwere for more time than they did, how do they check these things?

skywalker_208

Just a thought - alot of renters deal with agencies and have no idea who their actual landlords are.. let alone their addresses and PPS numbers.. wat are people supposed to do in this case?

although i know my landlord I dont think i would be comfortable asking him for his PPS number...

(by the way speaking of claiming tax back - you should defo check out the thread in relation to claiming tax back from your yearly salary/yearly tax paid might get a nice cheque in the post )

ronbyrne2005

some landlords who dont wanna register for tax etc will give you a discount to compensate you for missing the tax relief.

the best tax relief you can take advantage of is additional voluntary contibutions to a pension,its money for old rope and sooner you start and more you save the bigger your pension will be come retirement.

shoegirl

OLDYELLAR wrote:

Right Im wondering if I`d be entitled to this.
Im in a rented accomodation with the bf , Im a PAYE worker .
Ive had a quick look online about this and I think I may be entitled to the 330 euro tax relief but then again Im not sure,.

Is there certain criteria I need to meet to become eligable , Ive never looked into this before and I was also A PAYE worker all of 2005 living in a rented premises .

Generally this is the key way to find out if your landlord declares his/her rent for income tax purposes. If he offers you a cash payment instead or just refuses or even (as one of mine did once) tried to claim you weren't entitled to it at all, or simply doesn't reply - it generally indicates he/she is not paying tax.

I wouldn't recommend in this case reporting him/her to revenue. Instead use it as leverage to get a 330 euro discount on this years rent. People who don't pay tax tend to believe they don't have to follow other laws either and you could find yourself fighting an uphill battle to keep the roof over your head. Then when you leave, complain to Revenue that your landlord refused to sign the form.

My landlady (whose husband is in fact the agency owner, and of course who doesn't realise that we long since found out that he has a benefical interest in the property) is going to "enjoy" this once we've vacated the property we currently rent. A simple call to the tax office giving the landlord's details and saying that they refused to sign the form will suffice.

ronbyrne2005

shoegirl wrote:

Generally this is the key way to find out if your landlord declares his/her rent for income tax purposes. If he offers you a cash payment instead or just refuses or even (as one of mine did once) tried to claim you weren't entitled to it at all, or simply doesn't reply - it generally indicates he/she is not paying tax.

I wouldn't recommend in this case reporting him/her to revenue. Instead use it as leverage to get a 330 euro discount on this years rent. People who don't pay tax tend to believe they don't have to follow other laws either and you could find yourself fighting an uphill battle to keep the roof over your head. Then when you leave, complain to Revenue that your landlord refused to sign the form.

My landlady (whose husband is in fact the agency owner, and of course who doesn't realise that we long since found out that he has a benefical interest in the property) is going to "enjoy" this once we've vacated the property we currently rent. A simple call to the tax office giving the landlord's details and saying that they refused to sign the form will suffice.

i heard the revenue are planning to send undercover investigators to view properties for rent and then checking whether the landlord has been paying tax,could be quite a lor of people caught soon!

Zascar

skywalker_208 wrote:

(by the way speaking of claiming tax back - you should defo check out the thread in relation to claiming tax back from your yearly salary/yearly tax paid might get a nice cheque in the post )

Cool, anyone have a link?

skywalker_208

Zascar wrote:

Cool, anyone have a link?

Here u go

http://boards.ie/vbulletin/showthread.php?t=2054891655

D'Peoples Voice

OLDYELLAR wrote:

Will do , Ah I cant see why she wouldnt give me her PPS number as I know that she does declare the place.

you can find out whether the place is registered on this website.
http://www.prtb.ie/pubreg.htm
Just clicik your county and do a search/find for your address!
If you don't report that you're living in a house that is not listed on this register, you are in effect complicit in tax evasion!