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Rental income

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  • 28-02-2024 12:01pm
    #1
    Annanzia
    Registered Users Posts: 1 ✭


    Hello.

    I have a salary from a normal job in Ireland. I also have rental income from property in Ireland.

    My question is: is it possible to put all of the rental income into some kind of trust or pension in order to reduce or eliminate the tax liability on this rental income?

    I dont use the rental income for everyday expenses.

    Thanks for reading.



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    #2
    Geuze
    Registered Users Posts: 13,073 ✭✭✭✭Geuze


    You can put contributions into a pension to reduce tax, subject to the normal rules.

    But it would be contributions from your employment income that you put into the pension.

    Of course, it would have the overall effect of reducing your income tax liability.



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    #3
    DFB-D
    Registered Users Posts: 336 ✭✭DFB-D


    You could also transfer the property into the pension.... Worth speaking to a professional....



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