hundreds of apartments on daft not paying tax

Gingles

Why is it that people's social welfare's being cut and yet, most of apartment blocks contain 30 or 40 apartments, sometimes singly owned, not listed for tax purposes. Surely, even the one's on daft that say 'no rent allowance accepted' surely, even these ones should be registered on PRTB list, if they are not accepting "rent supplement" not for reasons of tax evasion? Why are people who owns more than 2 dwellings, in some cases up to 40, being rented out, not pursued for the taxes they owe the government? The government has the list of who's registered via PRTB, plus they have a database of apartments being rented out, and if i as ordinary person can figure out who's paying tax and who's not paying tax, then surely, it should be easy for the govt?

I'm confused by your post. Are you saying that ads which state "rent allowance not accepted" are doing so as they are not PRTB registered and not paying tax on the rental income?

relax carry on

Gingles wrote: »

Why is it that people's social welfare's being cut and yet, most of apartment blocks contain 30 or 40 apartments, sometimes singly owned, not listed for tax purposes. Surely, even the one's on daft that say 'no rent allowance accepted' surely, even these ones should be registered on PRTB list, if they are not accepting "rent supplement" not for reasons of tax evasion? Why are people who owns more than 2 dwellings, in some cases up to 40, being rented out, not pursued for the taxes they owe the government? The government has the list of who's registered via PRTB, plus they have a database of apartments being rented out, and if i as ordinary person can figure out who's paying tax and who's not paying tax, then surely, it should be easy for the govt?

It's a bit difficult to follow exactly what you are on about but I assume its income tax on rental income. From an income tax point of view a valid PRTB registration is required before mortgage interest can be claimed as an expense in rental accounts.
There are some exemptions to having a property registered with the PRTB. Once these are valid then they are accepted for tax purposes.
There are those, who for some reason do not register with the PRTB when they have to and those cases usually cannot claim mortgage interest as an expense thereby giving them a large tax liability.

https://www.prtb.ie/faq.aspx#Q10

http://www.revenue.ie/en/tax/it/leaflets/it70.html

Gingles

I'll make an example of what i'm on about: There is a block consisting of 60 apartments. Out of the 60 apartments, only 6 are registered on PRTB, and out of the 60 apartments, 11 are owner occupied, the rest, meaning 49 are being let. Is it correct in saying that if 6 out of 49 apartments in a block are registered at PRTB, the rest are not paying tax on rental income. Why else would they not be registered at PrTB?And this is but one example of the many blocks of apartments I've gone through, simply by looking at Daft and viewing apartments over the past 3 months, where i've come accross whole buildings full of apartments, with only 6 or 4 out of 60 apartments being registered. Now if the scale on which people, are evading paying tax is this big, why are govt not doing something about it immediately, seeing that they have all the information, in an effort to boost govt income instead of cutting people's social benefits?

Permabear

This post has been deleted.

mikemac1

The PRTB list is never up to date
I signed a PRTB form for my landlord and over a year later the place was still not up on the website

Gingles wrote: »

why are govt not doing something about it immediately, seeing that they have all the information, in an effort to boost govt income

Reminds me of the Ansbacher accounts
Declare an amnesty and collect what's owed and then levy interest and penalties on those who didn't come forward

Should have done it a few years ago.

Gingles

mikemac1 wrote: »

The PRTB list is never up to date
I signed a PRTB form for my landlord and over a year later the place was still not up on the website




Reminds me of the Ansbacher accounts
Declare an amnesty and collect what's owed and then levy interest and penalties on those who didn't come forward

Should have done it a few years ago.

Exactly! Or, like in Italy, people caught renting out an apartment without declaring the rental income from it, are liable to let the apartment at the value of tax only. In other words, if I lived in Italy and found out that my landlord does not declare the rental income, then i could get my year's rent paid as the tax only, as penalty to the corrupt landlord. Something needs to be done. Some kind of penalties, instead of cutting people's social monies. The scale on which people are evading taxes and not declaring income from rent is huge! its much bigger than we think! There are not a strong enough enforceability of law and much protection for the vulnerable in Ireland. Thats why, i suppose many young people up and leave. But this unfairness is going on everywhere, but it does not mean that the Irish has to put up with it. I'm sure something can be done about it and if enough pressure from people, then something will happen.

PeadarCo

Correct me if I'm wrong but as far as I know you are liable for tax on Rental Income regardless of whether or not you are registered with the PRTB. As relax carry on mentioned you need to be registered to get an interest deduction. So if a person wasn't registered with the PRTB chances are they would have higher tax liability compared to if they were.

Gingles

PeadarCo wrote: »

Correct me if I'm wrong but as far as I know you are liable for tax on Rental Income regardless of whether or not you are registered with the PRTB. As relax carry on mentioned you need to be registered to get an interest deduction. So if a person wasn't registered with the PRTB chances are they would have higher tax liability compared to if they were.

Of course one who collects rental income is liable to pay tax on this income, but being liable is one thing and actually declaring this income is another:o

PeadarCo

Gingles wrote: »

Of course one who collects rental income is liable to pay tax on this income, but being liable is one thing and actually declaring this income is another:o

Thats the same with all taxes not just rental income. Its not just restricted to anyone sector so why make a big fuss on just this topic. Why not start a thread that talks about all forms of tax evasion?

relax carry on

Gingles wrote: »

I'll make an example of what i'm on about: There is a block consisting of 60 apartments. Out of the 60 apartments, only 6 are registered on PRTB, and out of the 60 apartments, 11 are owner occupied, the rest, meaning 49 are being let. Is it correct in saying that if 6 out of 49 apartments in a block are registered at PRTB, the rest are not paying tax on rental income. Why else would they not be registered at PrTB?And this is but one example of the many blocks of apartments I've gone through, simply by looking at Daft and viewing apartments over the past 3 months, where i've come accross whole buildings full of apartments, with only 6 or 4 out of 60 apartments being registered. Now if the scale on which people, are evading paying tax is this big, why are govt not doing something about it immediately, seeing that they have all the information, in an effort to boost govt income instead of cutting people's social benefits?

You may wish to look at the links provided in my earlier post re exemptions to the PRTB registration. Also the PRTB database seems very poor in terms of being regularly updated and even having the correct addresses in place. That being said there are of course cases of tax evasion in all sectors.

If you have genuine evidence of tax evasion of any sort please contact Revenue by phone, email or letter with as much information as you have. Revenue will take all the assistance they can get as like every other govt agency, Revenue is experiencing a reduction in staff numbers across the board. (From 6581 in 2009 to 5774 by the end of 2012)

antoobrien

Gingles wrote: »

if they are not accepting "rent supplement" not for reasons of tax evasion?

Landlords don't accept rent allowance for a variety of reasons, paperwork or not trusting the person to not make a mess of the place, pay up on time, not run up bills etc (from my landlords mouth to the keyboard).

Christ my last landlord (who refused RA while I was there) saw me filling out my form 11 and asked for a hand with his.

Dr Galen

Not sure that this thread is of suitable quality to continue. It's a pretty confusing OP and doesn't seem to be backed by anything concrete.

Cheers

DrG