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Declare a holiday home revenue?

  • 12-05-2017 12:30pm
    #1
    bri007
    Registered Users, Registered Users 2 Posts: 1,375 ✭✭✭


    Hi, I wonder if someone could share some experience or information about revenues new changes on off shore assets.

    I have a holiday home in Northern Ireland, I don't rent it out and have no income from it, it's used for purely holidays during the summer etc.

    Just wondering do I have to declare it to revenue that I have it or is it only if I have an income from it?


    This is the link to the article but I'm still a bit confused and worried I didn't declare it now?

    https://www.irishtimes.com/business/economy/over-2-300-taxpayers-disclose-offshore-income-before-deadline-1.3080255?mode=amp


Comments

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


    bri007 wrote: »
    Hi, I wonder if someone could share some experience or information about revenues new changes on off shore assets.

    I have a holiday home in Northern Ireland, I don't rent it out and have no income from it, it's used for purely holidays during the summer etc.

    Just wondering do I have to declare it to revenue that I have it or is it only if I have an income from it?


    This is the link to the article but I'm still a bit confused and worried I didn't declare it now?

    https://www.irishtimes.com/business/economy/over-2-300-taxpayers-disclose-offshore-income-before-deadline-1.3080255?mode=amp

    some people rent their holiday homes when not in use.

    If you have no income from your holiday home, you've nothing to declare really


  • #3
    bri007
    Registered Users, Registered Users 2 Posts: 1,375 ✭✭✭bri007


    Thanks, wasn't sure, no never have or plan on renting it out. Yeah I was thinking the same just got worried when I read that on the paper.

    Thanks again

    gerrybbadd wrote: »
    some people rent their holiday homes when not in use.

    If you have no income from your holiday home, you've nothing to declare really


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