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Accounting for rental income when 3 of 4 recipients live outside of Ireland

  • 13-01-2015 10:28pm
    #1
    ceekay74
    Registered Users, Registered Users 2 Posts: 634 ✭✭✭


    OK, so a relative of mine (lives in ireland) has inherited an irish property along with his 3 siblings who live seperately in Australia, Canada & Sweden.

    They intend to rent out this property but don't know how this works with the tax system here.

    Anyone got any information?


Comments

  • #2
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Get an irish agent to collect the rent. Avoids witholding tax issues


  • #3
    ceekay74
    Registered Users, Registered Users 2 Posts: 634 ✭✭✭ceekay74


    Mr. Incognito wrote: »
    Get an irish agent to collect the rent. Avoids witholding tax issues

    I think ideally they want someone to collect rent, look after repairs, look after tax filing and distribute the income between them. Is this what an agent does?


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