Rent room / property - Rent-a-Room Scheme

dar100 · 2014-11-11 21:16:58

Hi Quick question. It renting out a room/property, do you have to pay tax on the earnings if they are under 10,000. I know this is due to go up to 12,000 next year. I mean if this is not your only earnings, and let's say you work full time etc, is this still tax free or does it only apply to those who rent and are…

11-11-2014 10:16PM

#1

dar100

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Hi

Quick question.

It renting out a room/property, do you have to pay tax on the earnings if they are under 10,000. I know this is due to go up to 12,000 next year.

I mean if this is not your only earnings, and let's say you work full time etc, is this still tax free or does it only apply to those who rent and are unemployed

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#2 11-11-2014 11:12PM

Victor

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If you are renting our rooms in your own residence, you can receive rent (including utilities and all other payments) to the tune of €10,000 / €12,000 tax free.

If you don't live there, there is no exemption.

http://www.revenue.ie/en/tax/it/leaflets/it70.html#section11

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