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

Setting rent price

  • 21-02-2019 9:10pm
    #1
    imalwayshappy
    Registered Users, Registered Users 2 Posts: 121 ✭✭


    hi all I have a question in relation to setting the rental income for a studio apartment that I am building in Lucan. it is a small studio essentially a bedroom with an ensuite bathroom with a small kitchen. am I better increasing the rental income and including all utility bills or keep them seperate? I am currently looking at installing another electricity meter so I would have no interaction with the tenant as they would have their own entrance and pay their own bills. I am thinking 850 a month excluding bills. Any thoughts welcome.
    Tagged:


Comments

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


    It's unclear if you are looking to benefit from Rent a Room relief and pay no tax on the income. If you are, your plan kills the deal no matter what any person on here armed with a Google search engine thinks. If you are not looking to get the relief and you will pay the income tax, then all looks good. 850 may be high, but not too far off the mark. Put it out there on the market and see. It may take a bit to get the right person at 850.

    750 would be my judgement.


  • #3
    imalwayshappy
    Registered Users, Registered Users 2 Posts: 121 ✭✭imalwayshappy


    myshirt wrote: »
    It's unclear if you are looking to benefit from Rent a Room relief and pay no tax on the income. If you are, your plan kills the deal no matter what any person on here armed with a Google search engine thinks. If you are not looking to get the relief and you will pay the income tax, then all looks good. 850 may be high, but not too far off the mark. Put it out there on the market and see. It may take a bit to get the right person at 850.

    750 would be my judgement.


    Thanks for the response. I would be looking at rent a room relief. The studio is attached to my PDH and there is a door accessing the main house from the apartment. Its actually a room in the house with its own kitchen bathroom and ensuits. Studio apartment is probobly not the best way to describe it.


Advertisement