If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

TRS on part let house

Fusion251 · 2011-08-27 07:56:40

Good morning, Pretty simple question really. I intend to part let my property (two rooms) in order to cover the mortgage. Does this have any implications to my TRS? Would I have to pay tax on the rental income? Cheers Fusion

27-08-2011 7:56am

#1

Fusion251

Registered Users, Registered Users 2 Posts: 1,045 ✭✭✭

Join Date: February 2003

Posts: 893

Good morning,

Pretty simple question really. I intend to part let my property (two rooms) in order to cover the mortgage. Does this have any implications to my TRS? Would I have to pay tax on the rental income?

Cheers
Fusion

0

Comments

#2 27-08-2011 9:53am

mari2222

Registered Users, Registered Users 2 Posts: 568 ✭✭✭

Join Date: July 2008

Posts: 538

if you are living in the property, look up the rent a room scheme - tax exempt up to 10K per annum, and does not affect PPR status of property when sold.

If you are not living there, rent is taxable.

0