Advertisement
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

Tax on rental income

  • 06-11-2011 9:45pm
    #1
    Peter147
    Registered Users, Registered Users 2 Posts: 12 ✭


    Hi
    Can someone please advise . I have a second property that is rented out . I get approx. €6000 a year in rent . Do I have to pay tax on this income ? Is there an allowance / threshold whereby you only pay tax on rental income above a certain value ? thanks


Comments

  • #2
    Howjoe1
    Closed Accounts Posts: 2,666 ✭✭✭Howjoe1


    you have to pay tax on the profit after allowable expenses etc. you can set 75% of the mortgage interest paid against it.


  • #3
    Peter147
    Registered Users, Registered Users 2 Posts: 12 ✭Peter147


    Thanks . It's great to be able to help the government reach their targets . .


  • #4
    Ally Dick
    Registered Users, Registered Users 2 Posts: 12,741 ✭✭✭✭Ally Dick


    Howjoe1 wrote: »
    you have to pay tax on the profit after allowable expenses etc. you can set 75% of the mortgage interest paid against it.

    You have to be registered with the PRTB before you are allowed to do this


  • #5
    Bullseye1
    Closed Accounts Posts: 5,731 ✭✭✭Bullseye1


    If you are living in the house I think you can make a substantial income from renting rooms without paying tax.


Advertisement