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Tax on Rental Income

  • 16-11-2016 3:04pm
    #1
    lbyrne121
    Registered Users, Registered Users 2 Posts: 206 ✭✭


    Hi,

    I would be grateful for any advice.

    I currently work in Northern Ireland but reside in the South.. I pay all tax to UK government (PRSI and NI).
    I am paid 35,000 per annum. I own a property in the South of Ireland which I plan to rent out at 8,400 per annum. I am single with no dependants

    My question is what will my tax liability to the South of Ireland be?
    In understand that a trans border relief exists but because I have additional income from the South of Ireland I don't know how to work out how much I would owe tax wise when I complete my tax return.

    Really Really would appreciate any advice.

    Thanks


Comments

  • #2
    gerrybbadd
    Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭gerrybbadd


    lbyrne121 wrote: »
    Hi,

    I would be grateful for any advice.

    I currently work in Northern Ireland but reside in the South.. I pay all tax to UK government (PRSI and NI).
    I am paid 35,000 per annum. I own a property in the South of Ireland which I plan to rent out at 8,400 per annum. I am single with no dependants

    My question is what will my tax liability to the South of Ireland be?
    In understand that a trans border relief exists but because I have additional income from the South of Ireland I don't know how to work out how much I would owe tax wise when I complete my tax return.

    Really Really would appreciate any advice.

    Thanks

    This might be of some help

    http://www.revenue.ie/en/about/foi/s16/income-tax-capital-gains-tax-corporation-tax/part-45/45-01-04.pdf?download=true


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