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

Own a house in Ireland, leasing it while I'm abroad. Tax?

  • 13-04-2014 4:29am
    #1
    Gluvax
    Registered Users, Registered Users 2 Posts: 2 ✭


    Hi,

    I own a house in Ireland. I'm going to be moving abroad and leasing the house to tenants.
    I won't be resident in Ireland for income tax purposes.

    So what's the situation on the rental income? What do I have to pay?

    Cheers.


Comments

  • #2
    GoWhest
    Registered Users, Registered Users 2 Posts: 42 ✭GoWhest


    If you are non resident, you wont be able to claim any tax credits, therefore you will have to pay tax at 20% on all income up to your standard rate cut off (€36,400). USC will also apply. The tenant will be obliged to deduct 20% from the rental payments and remit this to Revenue. You receive the 80%. This can be avoided if you appoint an Irish agent to collect the rent.


  • #3
    Gluvax
    Registered Users, Registered Users 2 Posts: 2 ✭Gluvax


    Thanks GoWhest, that's useful.
    So if there's an Irish agent collecting the rent, then what? What taxes apply?


  • #4
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    Income derived from an Irish Property which is situated in Ireland will always be subject to Irish Tax irrespective of where you reside. You need to complete an Irish Tax return and return the Irish income tax due on the rental property.

    dbran


Advertisement