Non Resident Landlord Tax Liability

scot1964

Hi
Just setting up my first non-resident landlord / tenancy agreement.
It's being registered with the PRTB and the tenant will be witholding 20% of the gross rent, paying it to revenue and giving me the end of year R185 etc.

I thought i read somewhere as a non-resident, my liability was 40% tax, but i can't find it anywhere. Does anyone have a link confirming or otherwise?

Also, if it is 40%, could i just "rent a room" scheme instead, that way i could use it on weekends etc?

(I have no other income in Ireland, if that is relevant)

Thanks

adrianw

Are you going to be using to at weekends?

scot1964

If I need to pay 40% Tax then it's hardly worthwhile renting the whole house out, so yes I'd travel back and stay there to see friends etc.

adrianw

If you're going to be travelling back then the rent a room scheme would apply. (However, it is easy to check and Revenue are not stupid.)

Carawaystick

How could it be your principle primary residence if you are not resident?

adrianw

If he is travelling back every weekend it could be using the cross border relief? It could still deemed his main residence?

scot1964

I travel back most weekends at moment, just looking at options.

My main question was what rate of tax would I pay renting the house out as a non-resident?

Ciaran

scot1964 wrote: »

My main question was what rate of tax would I pay renting the house out as a non-resident?

The same as anyone else. 20% on the first 33800 and 40% on the balance.