Dublin Redbrick set up as 3 apartments.

80sDiesel

Hi.

Is their anything amiss with buying a Redbrick house in City centre Dublin which is set up now as 3 apartments. I would want it to eventually become a family home but don't have kids yet but also don't want to be a tenant landlord.
Could I rent one flat out as a house share and the other one as say an Airbnb let ? Assuming under 12k allowance for house share, I would be liable for tax on the Airbnb let.

Michael D Not Higgins

I'm not sure if that would fly. The limits for 12k is for all income from rent-a-room, if you're also operating a commercial AirBnB let they might just not give you the 12k relief for the rent-a-room. Even if it were allowed, they would still be a tenant under law with all the protections of the RTA, except Part 4 if you opt out which is still tenuous since it only refers to buildings split into two, not three.

80sDiesel

Thanks. What would be involved in making the house whole again whilst keeping the separate living (3) areas somewhat separate to maximize room rent?

80sDiesel

So in essence one house but 3 kitchens.

L1011

A complete rewiring would probably be needed for starters - would be very tenuous to claim its one house with 3 electricity meters. Single access - no "external" internal doors would probably also be required even if you locked all the rooms you used.

Michael D Not Higgins

There are likely to be planning issues (especially if it's a protected structure), tax issues (depending on how you let out the property) and practical issues (cost, risk, etc) with your plan. I'd urge you to speak to a professional who can give you the correct advice.

80sDiesel

Thanks guys.