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Paying rent at home, looking for tax relief

lenovoguy · 2011-11-03 12:38:36

Hi there I'm paying about €500 in rent to my mother who is owner of the property. I was thinking of applying for rent relief before it's phased out, but I'm wondering does this have any implications for her if I do apply? Thanks

03-11-2011 12:38pm

#1

lenovoguy

Registered Users, Registered Users 2 Posts: 113 ✭✭

Join Date: October 2007

Posts: 63

Hi there

I'm paying about €500 in rent to my mother who is owner of the property. I was thinking of applying for rent relief before it's phased out, but I'm wondering does this have any implications for her if I do apply?

Thanks

0

Comments

#2 05-11-2011 1:27pm

gerrybbadd

Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭

Join Date: January 2008

Posts: 9587

lenovoguy wrote: »

Hi there

I'm paying about €500 in rent to my mother who is owner of the property. I was thinking of applying for rent relief before it's phased out, but I'm wondering does this have any implications for her if I do apply?

Thanks

Yes. She is chargeable on the rental income you are paying her. She would have to register as a self assessed taxpayer and complete tax returns every year. Depending on her tax rate, she will have to pay either 20 or 41% tax on this income, plus the USC.

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