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Accidental Landlord

accidental · 2017-10-26 12:00:18

Hi, I've just unexpectantly found my in the position where I will have to become a landlord shortly. Firstly can't believe the tax on rental income is 40% (I work fulltime). I propose to hand over the letting and management of the house on the northside of Dublin to an Estate Agent, and would welcome any advice or…

26-10-2017 12:00pm

#1

accidental

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Join Date: October 2017

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Hi,
I've just unexpectantly found my in the position where I will have to become a landlord shortly. Firstly can't believe the tax on rental income is 40% (I work fulltime). I propose to hand over the letting and management of the house on the northside of Dublin to an Estate Agent, and would welcome any advice or recommendations of a reliable/proven Estate Agent. All advice on being a landlord welcome. Thanks

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Comments

#2 26-10-2017 1:20pm

srsly78

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Join Date: October 2010

Posts: 7095

All income is subject to the same tax, there is no special tax on rent. Your total marginal rate will be more than 40%, you should check again - don't forget about prsi and usc.

The usual advice given is to sell your property.

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