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rent a room

  • 31-08-2019 9:46am
    #1
    landlord2020
    Registered Users, Registered Users 2 Posts: 36 ✭


    A company pays for an employee to rent a room in your house, and insists on paying for 3 months in advance every 3 months.

    The payment in December is for December and then also for Jan and Feb of the next year.

    That payment if completely allocated to the current year would essentially place the landlord over 14,000 for the year.

    Is this an issue ? Can you legitimately claim that two thirds of the December payment is in next years budget.

    TIA


Comments

  • #2
    DubCount
    Registered Users, Registered Users 2 Posts: 1,094 ✭✭✭DubCount


    That is quite a technical question. I would ring Revenue for an opinion on that.

    My inclination is that it should be OK, because the 14,000 limit relates to "gross income" and only the December element of 2019 is income for 2019.

    But I'd be more comfortable getting that confirmed by Revenue/your accountant directly.


  • #3
    Thargor
    Registered Users, Registered Users 2 Posts: 18,063 ✭✭✭✭Thargor


    Dont report it to revenue ffs.


  • #4
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Thargor wrote: »
    Dont report it to revenue ffs.

    You have a legal obligation to do so- regardless of whether tax is due on it, or not. Accessing the rent-a-room scheme creates an obligation for a person to make an annual tax return. It is also expressly forbidden to offer any advice which is illegal in nature, on this forum. If you intend to post in this forum again- familiarise yourself with the forum charter- and obey it.


  • #5
    Baby01032012
    Registered Users, Registered Users 2 Posts: 1,622 ✭✭✭Baby01032012


    As above you need to report on your annual return to revenue in order to claim the relief.

    To answer OP you can apportion the Jan and Feb part of the payment to next year. It’s legitimate to allocate to the period to which the rent relates.


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