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Own a house an move abroad

  • 01-08-2017 7:24am
    #1
    danko82
    Registered Users, Registered Users 2 Posts: 222 ✭✭


    Hi,
    in the case you own an house and you rent it,
    the income in going to sum your salary, but let's say you move abroad.
    what is going to happen in that case?
    Thanks


Comments

  • #2
    myshirt
    Registered Users, Registered Users 2 Posts: 5,245 ✭✭✭myshirt


    Nothing, typically.

    You get paid 80%, the taxman gets paid 20%, and you settle up the difference each year.

    Get tax advice if your situation is anything but a plain vanilla case. Other than that there should be enough online for you.


  • #3
    gerrybbadd
    Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭gerrybbadd


    What's supposed to happen is, the tenant pays you 80% of the rent due, and retains 20%, which is due to Revenue.

    If you have a further liability in excess of 20%, it's up to you then to pay the rest.


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