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registering as a landlord

  • 03-05-2015 9:48am
    #1
    shivhaughey
    Registered Users, Registered Users 2 Posts: 4 ✭


    If I work full time and register as a landlord, would any receipt of rent via rent allowance scheme affect my husbands social welfare payment? (CE scheme)


Comments

  • #2
    ted1
    Registered Users, Registered Users 2 Posts: 23,888 ✭✭✭✭ted1


    shivhaughey wrote: »
    If I work full time and register as a landlord, would any receipt of rent via rent allowance scheme affect my husbands social welfare payment? (CE scheme)

    Regardless of weather it does or doesn't all tenancies need to be registered with the PRTB and all income from rental properties needs to declared in a Form 11.

    I have RAS Tenants and the council do make sure that you are registered


  • #3
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Yes is the answer to your question by the way- your income is considered means for any means tested benefits your husband may claim. However- you are still obliged under the 2004 Act to register any tenancy with the PRTB. It is an offence under the Act not to do so.


  • #4
    Dymo
    Registered Users, Registered Users 2 Posts: 1,565 ✭✭✭Dymo


    Yes you will probably lose all of your husbands social welfare payment?


  • #5
    Mrs OBumble
    Registered Users, Registered Users 2 Posts: 26,284 ✭✭✭✭Mrs OBumble


    Ahh, I'm not sure if the rental income is assessed.

    The last time I applied, rental income wasn't considered. But the nett asset (house value minus debt on it) was taken into account - irrespective of how much income it was or wasn't generating. As I recall, the nominal income-equivalent of the house was far more than it could ever earn me.

    I'd suggest asking this in State Benefits forum, they probably know more about up-to-date welfare rules that many of us here do.


  • #6
    gravehold
    Closed Accounts Posts: 912 ✭✭✭gravehold


    Mrs OBumble wrote: »
    Ahh, I'm not sure if the rental income is assessed.

    The last time I applied, rental income wasn't considered. But the nett asset (house value minus debt on it) was taken into account - irrespective of how much income it was or wasn't generating. As I recall, the nominal income-equivalent of the house was far more than it could ever earn me.

    I'd suggest asking this in State Benefits forum, they probably know more about up-to-date welfare rules that many of us here do.

    I know that rental is counted as an income and the mortage is not offset or counted against it at all. It's why it's not feasible to rent out rooms out if you are getting the dole. So it the mortage was €600 and you rented out rooms for € 450 they would only count the €450 as income and dock your dole. That was last year.


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  • #7
    Mrs OBumble
    Registered Users, Registered Users 2 Posts: 26,284 ✭✭✭✭Mrs OBumble


    gravehold wrote: »
    I know that rental is counted as an income and the mortage is not offset or counted against it at all. It's why it's not feasible to rent out rooms out if you are getting the dole. So it the mortage was €600 and you rented out rooms for € 450 they would only count the €450 as income and dock your dole. That was last year.

    Yeah, it's different depending on whether you live in the house or not.

    If it's your PPR, then the income counts, but your debt doesn't.

    If it's not, then the asset value and your debt does count, but the income doesn't.

    AFAIK.


  • #8
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Guys- I have moved this thread from the Accommodation and Property forum- as you will most probably get more accurate, and pertinent, information here. Please note the charter governing State Benefits now applies. Familiarise yourself with it- and abide by it- before responding to the OP (or subsequent posts).

    Regards,

    The_Conductor


  • #9
    mp22
    Moderators, Business & Finance Moderators, Regional South Moderators Posts: 6,854 Mod ✭✭✭✭mp22


    shivhaughey wrote: »
    If I work full time and register as a landlord, would any receipt of rent via rent allowance scheme affect my husbands social welfare payment? (CE scheme)
    Are you a qualified adult on your husbands claim?


  • #10
    shivhaughey
    Registered Users, Registered Users 2 Posts: 4 ✭shivhaughey


    mp22 wrote: »
    Are you a qualified adult on your husbands claim?

    No am not, and can I please point out, I don't have tenants, I've never rented it out, I'm enquiring the facts before I consider this as an option, such is why prtb haven't been contacted yet, thanks


  • #11
    mp22
    Moderators, Business & Finance Moderators, Regional South Moderators Posts: 6,854 Mod ✭✭✭✭mp22


    shivhaughey wrote: »
    No am not, and can I please point out, I don't have tenants, I've never rented it out, I'm enquiring the facts before I consider this as an option, such is why prtb haven't been contacted yet, thanks
    As you are not on your husbands claim he should not be effected by your plans while on a ce scheme.However when his scheme comes to a end and if he returns to a means tested payment then your income will be taken into account.


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