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Irish person renting out house but working abroad

  • 27-08-2016 9:07am
    #1
    customerunhap
    Registered Users, Registered Users 2 Posts: 17 ✭


    If an Irish person is working overseas and has a house here, what sort of tax rate do you pay on the rental income here if it’s rented out.
    As it stands, you pay near 50% on rental if you earn over 32,000 here, how would it work if you earned in excess of that overseas?


Comments

  • #2
    celtic_oz
    Registered Users, Registered Users 2 Posts: 1,654 ✭✭✭celtic_oz


    same .. u have to declare foreign income


  • #3
    aido79
    Registered Users, Registered Users 2 Posts: 5,374 ✭✭✭aido79


    celtic_oz wrote: »
    same .. u have to declare foreign income

    That's not the case if the OP is a non resident for tax purposes in Ireland. A non resident pays a flat rate of 20% on rental income :
    https://www.paylesstax.ie/property-investors-tax-on-rental-income-irish-property-investors-resident-abroad/


  • #4
    customerunhap
    Registered Users, Registered Users 2 Posts: 17 ✭customerunhap


    Thanks guys, just to clarify. Working for non Irish employer in Europe, for a couple of years. Taxed on income overseas in that EU state. Hope this helps?


  • #5
    theteal
    Registered Users, Registered Users 2 Posts: 7,593 ✭✭✭theteal


    I'm pretty sure that I've read that the renter is supposed to deduct 20% from the rental amount and pay it directly to revenue. . .may be completely wrong


  • #6
    3DataModem
    Registered Users, Registered Users 2 Posts: 4,077 ✭✭✭3DataModem


    theteal wrote: »
    I'm pretty sure that I've read that the renter is supposed to deduct 20% from the rental amount and pay it directly to revenue. . .may be completely wrong

    That's only if they pay the foreign landlord directly. If they use an agent, no problem.


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