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

Tax requirements for renting

  • 12-07-2018 4:01pm
    #1
    Shaungoater
    Registered Users, Registered Users 2 Posts: 212 ✭✭


    Hi all

    Looking for some clarification for my tax requirements for renting a property. I have rented my property out since I moved seven years ago. I always filled out a form 11 and declared my rental income and paid tax accordingly. I have now gone to buy a new property with my wife and the bank requested a form 12 from the last three years showing I have paid my tax liability for renting. So should I have been also doing a form 12 as well as a from 11?


Comments

  • #2
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,123 ✭✭✭relax carry on


    Shaungoater wrote: »
    Hi all

    Looking for some clarification for my tax requirements for renting a property. I have rented my property out since I moved seven years ago. I always filled out a form 11 and declared my rental income and paid tax accordingly. I have now gone to buy a new property with my wife and the bank requested a form 12 from the last three years showing I have paid my tax liability for renting. So should I have been also doing a form 12 as well as a from 11?

    No. A from 12 is the same as a from 11 except it's for minor non PAYE income.


  • #3
    Mrs OBumble
    Registered Users, Registered Users 2 Posts: 26,361 ✭✭✭✭Mrs OBumble


    Just give the bank your from 11 instead.


Advertisement