How much money would you need to be earning to build a house as you go.

TheBoyConor

As for the main residence, I see what you are getting at, and you are going to be treating a very thin like. If you end up getting investigated by revenue then they will be the one's who will decide whether it is a main residence. They could interview your "licencees" and may satisfy themselves that you are not normally resident in the property and you'd getting a handy tax bill.

CertifiedSimp

LawBoy2018 wrote: »

You're v misinformed. You don't get to decide whether or not whether the people occupying your property are tenants/licensees. It will depend on the nature of the agreement. If there's a dispute, they may be deemed tenants + then you're fooked for several reasons.

They are not tenants when there's no lease argreement. Just like when someone takes a lease and sublets with no lease they have no rights.

CertifiedSimp

TheBoyConor wrote: »

As for the main residence, I see what you are getting at, and you are going to be treating a very thin like. If you end up getting investigated by revenue then they will be the one's who will decide whether it is a main residence. They could interview your "licencees" and may satisfy themselves that you are not normally resident in the property and you'd getting a handy tax bill.

I'd have students most likely, would be an apartment so 2 people max with high turnover.

I know people who have done this for years and years and they've not even registered for rent a room and they have taken in over 14k a year.

kippy

Gumbo wrote: »

At that time, the building regulations didn’t exist.

As I said times were different.
That said. The house is still standing, in one of the most windswept areas in Ireland, having navigated a family of 7 over the years. It's had some insulation added in the past few years, is having is single glazed wooden windows replaced (almost 40 years old) and a heating system upgrade shortly.
The aul fella did a hell of a job on it, it has to be said and one I appreciate more and more with the amount of absolutely ****e houses I have seen over the years built to various 'regulations' God rest him.

Gumbo

CertifiedSimp wrote: »

While the potential 2nd house was being built? Id move back to my folks.

Cool. Answers my questions.. rent a room doesn’t apply so they’ll be tenants.

CertifiedSimp

BTW I've house shared and taken in licensees for years and years and not once have I had one month non payment.

Vast majority of people pay rent.

Gumbo

kippy wrote: »

As I said times were different.
That said. The house is still standing, in one of the most windswept areas in Ireland, having navigated a family of 7 over the years. It's had some insulation added in the past few years, is having is single glazed wooden windows replaced (almost 40 years old) and a heating system upgrade shortly.
The aul fella did a hell of a job on it, it has to be said and one I appreciate more and more with the amount of absolutely ****e houses I have seen over the years built to various 'regulations' God rest him.

Yes, not knocking the build quality. More the fact that the regulations nowadays wouldn’t allow for this scenario to play out.

LawBoy2018

CertifiedSimp wrote: »

They are not tenants when there's no lease argreement. Just like when someone takes a lease and sublets with no lease they have no rights.

Nope, two different situations entirely. There doesn't need to be a lease agreement, the tenants are still protected by statute.

CertifiedSimp

Gumbo wrote: »

Cool. Answers my questions.. rent a room doesn’t apply so they’ll be tenants.

Tenants according to who?

No lease agreement, bills etc in my name.

TheBoyConor

You are considering all options but yet you seem to disregard the most sensible option and seem to fixate on build it by the seat of your pants route and, skirting the RTAs and tax dodges. OP, listen to yourself, you sound ridiculous.

And as for them not being tenants if you don't have a lease, bills not in their name. Rubbish, utter rubbish. If there are agreed terms, even verbally, a lease or contract would exist by implication. Furthermore, after 6 months in-situ, the tenant aquires a Part 4 tenance, which, for the most part, supersedes most of what would be in a lease agreement save for house rules specific to the rental etc.

CertifiedSimp

LawBoy2018 wrote: »

Nope, two different situations entirely. There doesn't need to be a lease agreement, the tenants are still protected by statute.

If the property is my main residence, I'm registered for rent a room and all bills etc in my name, they are licensees. Impossible for them to be tenants.

CertifiedSimp

TheBoyConor wrote: »

You are considering all options but yet you seem to disregard the most sensible option and seem to fixate on build it by the seat of your pants route and, skirting the RTAs and tax dodges. OP, listen to yourself, you sound ridiculous.

And as for them not being tenants if you don't have a lease. Rubbish. If there are agreed terms, even verbally, a lease or contract would exist by implication. Furthermore, after 6 months in-situ, the tenant aquires a Part 4 tenance, which, for the most part, supersedes most of what would be in a lease agreement save for house rules specific to the rental etc.

https://www.citizensinformation.ie/en/housing/renting_a_home/tenants_rights_and_obligations.html

If you are renting a room in your landlord's home you are not covered by landlord and tenant legislation,

Aron722

CertifiedSimp wrote: »

I know several who have them, permission granted etc.


Are they in Dublin ? As I doubt they would have got planning permission if were built in a back garden.

CertifiedSimp

Aron722 wrote: »

CertifiedSimp wrote: »

I know several who have them, permission granted etc.


Are they in Dublin ? As I doubt they would have got planning permission if were built in a back garden.

No, rural Ireland.

LawBoy2018

CertifiedSimp wrote: »

If the property is my main residence, I'm registered for rent a room and all bills etc in my name, they are licensees. Impossible for them to be tenants.

You're committing fraud in that hypothetical scenario and leaving yourself wide open if things were to go sour. If you're not living there, it's not your principal residence. How is that so hard for you to understand? lol.

If you're not living there + the people living in your property have the property to themselves, they pay rent every month 9 times out of 10 they'll be deemed tenants + accrue rights as provided for by statute. You will no longer qualify for rent a room relief + will be doomed to the wrath of Revenue.

TheBoyConor

You might get away with all this for a while, but with your general attitude, you are running a high probability of running into disputes, and when disputes happen, they tend to end up in court. At that point it is not you who gets to dictate what does or does not qualify for this or that based on your own mental and legal gymnastics contrived to suit yourself. It will be the court/judge who will decide on those matters based on the circumstances and evidence they see before them, possibly brought by Revenue officers if is over tax matters. I guarantee you, if you are facing off against Revenue in the courtroom, you will loose. Both the case, and your shirt. And possibly one or both houses.

Do you really want to go about this house project all the while looking over your shoulder and worrying when/if you are about to be brought up in an RTB dispute case or investigated by Revenue?
By your general attitude here, I would say you have a higher than normal risk of running into a dispute and things deteriorating to the point of RTB and legal involvement.

So apart from winding up the board, what are you actually more interested in? Building that house, or circumventing RTA and tax obligations?

LawBoy2018

TheBoyConor wrote: »

You might get away with all this for a while, but with your general attitude, you are running a high probability of running into disputes, and when disputes happen, they tend to end up in court. At that point it is not you who gets to dictate what does or does not qualify for this or that based on your own mental and legal gymnastics contrived to suit yourself. It will be the court/judge who will decide on those matters based on the circumstances and evidence they see before them, possibly brought by Revenue officers if is over tax matters. I guarantee you, if you are facing off against Revenue in the courtroom, you will loose. Both the case, and your shirt. And possibly one or both houses.

Do you really want to go about this house project all the while looking over your shoulder and worrying when/if you are about to be brought up in an RTB dispute case or investigated by Revenue?
By your general attitude here, I would say you have a higher than normal risk of running into a dispute and things deteriorating to the point of RTB and legal involvement.

So apart from winding up the board, what are you actually more interested in? Building that house, or circumventing RTA and tax obligations?

He's entertaining to be fair, lol. He'd be the first person I'd ever heard of who owned an apartment, yet lived with his parents while building a second house haha.

TheBoyConor

Normally I don't get personal on this, but jesus OP your house project idea is quite hairbrained and just will not work. Honestly, it is a fúcking stupid idea, especially when you have the means to get a mortgage.
What builder or assigned certifier is going to waste their time pissing about with an on again off again project that drags on for a decade or more. And even if they did take it on, repeated mob-demob costs for the contractor would be ridiculous. No professional is going to stand over a project like that. It is just messing, and nothing more.

And as for the whole rental and tax scam, well that is just what it would be. A fraud and a scam. And if you are caught doing it as you propose, you will get yourself royally fúcked over!

Anyway, discussion of illegal proposals is banned on the forum and Boards.ie. So take your frankly retarded ideas and shove em where you appear to be speaking out of.

I'm starting to wonder is CS another pseudonym of whoever is behind Mr Fegelein. Low post count and a track record on nonsensical posts coming across as either totally clueless or delusional.

I'm done with this nonsense now. Good night Boardsies.

Aron722

CertifiedSimp wrote: »

Aron722 wrote: »

No, rural Ireland.

Yeah so more then likely they didnt get planning permission and are just lucky people cant see the logcabin.

Still see alot of logcabin in peoples garden in dublin
Dont no how they are still up , people just chance there arms .

endacl

CertifiedSimp wrote: »

.

I'm years away from building - just wondering what's possible to get by without getting a mortgage.

CertifiedSimp

LawBoy2018 wrote: »

You're committing fraud in that hypothetical scenario and leaving yourself wide open if things were to go sour. If you're not living there, it's not your principal residence. How is that so hard for you to understand? lol.

If you're not living there + the people living in your property have the property to themselves, they pay rent every month 9 times out of 10 they'll be deemed tenants + accrue rights as provided for by statute. You will no longer qualify for rent a room relief + will be doomed to the wrath of Revenue.

What defines living there??? You can't tell me.

All it says is "occupied as your main residence". That's open to interpretation.

TheBoyConor

It is not for you or boards to decide that. When the shít hits the fan, the Revenue will decide wrt to tax purposes and the RTB or court will decide for RTA.

As I said, you might get away with it for a while, but when problems arises you may find youself at the wrong end of it all.

Anyway, go do whatever sort of make believe you want.
I'm not going to entertain any more of your idiotic ideas or trolling.

Not even related to construction or planning anymore.

Mod! Lock it up.

CertifiedSimp

TheBoyConor wrote: »

It is not for you or boards to decide that. When the shít hits the fan, the Revenue will decide wrt to tax purposes and the RTB or court will decide for RTA.

As I said, you might get away with it for a while, but when problems arises you may find youself at the wrong end of it all.

Anyway, go do whatever sort of make believe you want.
I'm not going to entertain any more of your idiotic ideas or trolling.

Not even related to construction or planning anymore.

Mod! Lock it up.

You're the people who brought all this up. I was asked why I couldnt just get a mortgage and I replied why.

Gumbo

CertifiedSimp wrote: »

You're the people who brought all this up. I was asked why I couldnt just get a mortgage and I replied why.

Why can’t you get a mortgage?

CertifiedSimp

Gumbo wrote: »

Why can’t you get a mortgage?

This whole thread was me figuring out all my options.

I rent currently.

But one potential option was buy a 2nd hand place, live for few years, keep that as my PPR and have the rent income cover the mortgage.

Meanwhile build a house without a mortgage as 2nd mortgage would have high interest rate and wouldn't afford it.

I don't like being overleveraged. Being single paying 1k+ on a mortgage alone would be very risky for me in my eyes.

TheBoyConor

And dancing around the grey areas of tenancy law and tax evasion isn't risky in your eyes?

Why don't you just get the mortgage for building the house, and build a house within your means?

mickdw

Going back to original request, if you have a site and can throw 60k at it day one, you could go self build route if you would be able to put something like 30k per year at it. That would equate to spending 210k over 5 years.

Aron722

To be fair I know plenty of people who own apartments , and even logcabins and have them rented out and collect rent in cash . Mostly under 14k they dont put the money in there banks either credit union or just keep in there home. Probably because of revenue.

Look at trades men always do cash in hand jobs, no way they are paying tax on it.

Does anyone pay tax from selling there car , after making a good bit of profit from it ? Wouldn't say so.

HeidiHeidi

Aron722 wrote: »

To be fair I know plenty of people who own apartments , and even logcabins and have them rented out and collect rent in cash . Mostly under 14k they dont put the money in there banks either credit union or just keep in there home. Probably because of revenue.

Look at trades men always do cash in hand jobs, no way they are paying tax on it.

Does anyone pay tax from selling there car , after making a good bit of profit from it ? Wouldn't say so.

Who ever sold a car for a profit???

(Apart from the very exceptional collectors item sort of example)

CertifiedSimp

HeidiHeidi wrote: »

Who ever sold a car for a profit???

(Apart from the very exceptional collectors item sort of example)

People who buy cars and do them up.