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Tax Resident in UK but have rental income in Ieland

  • 28-11-2016 8:38pm
    #1
    Registered Users, Registered Users 2 Posts: 373 ✭✭


    Id appreciate if anyone could explain tax residency  to me - my heads in a muddle over it. 

    I've been in the UK 9 months and work and pay tax, NI etc here.  I have rented out my house in Ireland during 2016 and was planning on declaring the rent for tax purposes in Ireland in  late 2017 as a non resident landlord. ( I'm aware I have to get someone to collect the tax and send off the forms etc) 

    However , according to citizens information if you spend 280 days or more in Ireland over a period of two consecutive tax years, you will be regarded as resident for the second tax year..   so is it right to think you can be tax resident in 2 countries for a short period of time ?


    I do plan on having an accountant file returns next year but Id love to have it sorted in my head now!


Comments

  • Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    If the property is situated in Ireland then you pay Irish income tax on the rent irrespective of where you are tax resident.

    You can be tax resident in two countries at the same time and there is usually a tie breaker clause that comes into place in those circumstances so that you are not taxed twice on the same income. You would need to read the double tax treaty with that country.

    dbran


  • Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    Your tenant is supposed to deduct 20% from the rent as form of withholding tax. You can appoint an agent to deal with your tax affairs here so they dont have to deduct the 20%. It can be anyone, but an accountant is probably a better option

    I am assuming you have registered your tenancy with the RTB?


  • Registered Users, Registered Users 2 Posts: 373 ✭✭snowey07


    Thanks for the replies its much clearer now 

    Yes newacc2015 I'm fully compliant with all tenancy law. The tenant doesn't need to collect the tax or know Im abroad as I have someone who will be the tax agent in the new tax year. Until then I still have tax residency as I can use days spent in Ireland from two tax years.


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