Rental Income

JD24 · 2015-08-31 10:18:33

Hi All, Apologies if this question has been asked before. I am meeting with an Accountant next week but would appreciate if anyone could answer my question before I meet with her; - I am a (reluctant) first time landlord. I am also a PAYE full time worker. I was advised to register as self-assessed for the rental tax. My…

31-08-2015 11:18AM

#1

JD24

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Posts: 194

Hi All,

Apologies if this question has been asked before. I am meeting with an Accountant next week but would appreciate if anyone could answer my question before I meet with her; -

I am a (reluctant) first time landlord. I am also a PAYE full time worker. I was advised to register as self-assessed for the rental tax. My question is, if I register as self-assessed does this affect my entitlements to social welfare in the future (in particular maternity benefit) or am I covered because I am a PAYE worker??

Thanks in advance

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#2 31-08-2015 05:45PM

SRASE

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There is no impact on your future social welfare entitlements by registering for income tax.

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#3 01-09-2015 04:23AM

Ally Dick

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Self assessment is different to self employment. If you are registered as self employed, you can't get maternity as you work for yourself

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#4 01-09-2015 12:01PM

JD24

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Join Date: January 2008

Posts: 194

Thanks all

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