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Wife and I have PPR each - why do we need just one?

  • 08-11-2010 11:29AM
    #1
    jugovic
    Registered Users, Registered Users 2 Posts: 27 ✭


    Hi all,

    I have a very quick question that is really bugging me. I bought a house 7 years ago (my PPR). My gfriend (now wife) has an apartment that she bought 4 years ago (her PPR).

    We got married earlier this year. Why, when married, is it assumed that you can only have one PPR? Why automatically is it assumed that you need to declare one of the properties as an investment property, pay the second property tax, show any rental income etc.?

    Why can a married couple not still have a PPR separately? Does it state anywhere in the revenue website that when a couple gets married that you can only have one PPR?

    Thanks in advance,
    Jugovic.


Comments

  • #2
    astrofool
    Registered Users, Registered Users 2 Posts: 17,329 ✭✭✭✭astrofool


    If you're living as husband and wife, yes it's expected to only have one PPR (for tax purposes).

    Otherwise it would be open to abuse, e.g. cork holiday homes

    Being married gives you other advantages, such as sharing tax credit, and legal right over joint posessions (and a fallback in case of bankruptcy these days :))


  • #3
    Cathmandooo
    Registered Users, Registered Users 2 Posts: 17,324 ✭✭✭✭Cathmandooo


    Well do you live together or seperately? It's assumed because it's what the vast majority of people do.

    If you can prove you live seperately then raise the issue with the Government and be ready to prove it.


  • #4
    D3PO
    Registered Users, Registered Users 2 Posts: 7,879 ✭✭✭D3PO


    jugovic wrote: »
    HiWhy automatically is it assumed that you need to declare one of the properties as an investment property, pay the second property tax, show any rental income etc.?

    .

    thats not whats assumed. NPPR included holiday homes aswell so its nothing to do with investment properties its to do with homes owned by somebody and not lived in by them.

    If your wife lives in one house and you live in another then contact your local council as in my eyes your not libel.

    How many married couples would this apply to ? Very few and I assume that includes you.


  • #5
    Mary Hairy
    Closed Accounts Posts: 128 ✭✭Mary Hairy


    D3PO wrote: »
    thats not whats assumed. NPPR included holiday homes aswell so its nothing to do with investment properties its to do with homes owned by somebody and not lived in by them.

    If your wife lives in one house and you live in another then contact your local council as in my eyes your not libel.

    How many married couples would this apply to ? Very few and I assume that includes you.

    In the case of married couples there has to be a bona fide separation before each can have their own PPR.


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