Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Rent a room

  • 07-07-2018 8:33pm
    #1
    893bet
    Registered Users, Registered Users 2 Posts: 9,381 ✭✭✭


    Couple of questions.,

    1) Donyou need to register in advance to avail of this scheme or just declare the following year the rent?

    2) If you stop do you then need to deregister?

    3) can you accept the rent in cash from the tenant, should it be lodged? Lodged I assume is better for a paper trail.


Comments

  • #2
    Baby01032012
    Registered Users, Registered Users 2 Posts: 1,622 ✭✭✭Baby01032012


    893bet wrote: »
    Couple of questions.,

    1) Donyou need to register in advance to avail of this scheme or just declare the following year the rent?

    2) If you stop do you then need to deregister?

    3) can you accept the rent in cash from the tenant, should it be lodged? Lodged I assume is better for a paper trail.

    You don’t need to register anywhere. This is a revenue scheme. You do your income tax return and include the gross amount received during the year under rent a room relief.

    With any tax related matter it’s better to have paper trail and keep records for 6 years.

    You mention tenant but this person will be a lodger not tenant.they will have none of the rights of a tenant and can be asked to leave at anytime.


Advertisement