Tax return

funkybuttmonkey

I have only filed my tax return for last year. Its late but anyways it has been a good year for me. So normally i file in Ros.ie is mostly always the same info apart for odd few changes in figures. Rent on my house i've rented is the same and the mortgage is generally the same. However, this year the revenue are charging me for money i've profited. Which i am not, at a huge loss which is why im selling the house. Has something changed recently that landlords are being charged more?

relax carry on

funkybuttmonkey wrote: »

I have only filed my tax return for last year. Its late but anyways it has been a good year for me. So normally i file in Ros.ie is mostly always the same info apart for odd few changes in figures. Rent on my house i've rented is the same and the mortgage is generally the same. However, this year the revenue are charging me for money i've profited. Which i am not, at a huge loss which is why im selling the house. Has something changed recently that landlords are being charged more?

Your post is a bit confusing.

Is your tax return only related to rental income and your paye income?
How are you arriving at your net profit for tax?
Nothing has changed in relation to the tax on rental income apart from being given able to claim 80% of the interest portion of your mortgage rather than 75% from 2017 onwards.

funkybuttmonkey

Thanks for the reply. Yes the tax return applies to rental income. ROS.ie does the calculations for me. In previous years, i owe them nothing but this year for some reason i need to give them over 1000 euro. My figures havent changed much so i wasnt sure why i am now having to pay when i didnt in previous years.

Spanish Eyes

Could it be a surcharge for late filing of the return?