Non Resident Landlord Tax Liability

scot1964 · 05-10-2015 01:48PM #1

Hi
Just setting up my first non-resident landlord / tenancy agreement.
It's being registered with the PRTB and the tenant will be witholding 20% of the gross rent, paying it to revenue and giving me the end of year R185 etc.

I thought i read somewhere as a non-resident, my liability was 40% tax, but i can't find it anywhere. Does anyone have a link confirming or otherwise?

Also, if it is 40%, could i just "rent a room" scheme instead, that way i could use it on weekends etc?

(I have no other income in Ireland, if that is relevant)

Thanks

adrianw · 05-10-2015 01:50PM

Are you going to be using to at weekends?

scot1964 · 05-10-2015 02:30PM

If I need to pay 40% Tax then it's hardly worthwhile renting the whole house out, so yes I'd travel back and stay there to see friends etc.

adrianw · 05-10-2015 03:31PM

If you're going to be travelling back then the rent a room scheme would apply. (However, it is easy to check and Revenue are not stupid.)

Carawaystick · 06-10-2015 03:35PM

How could it be your principle primary residence if you are not resident?

adrianw · 06-10-2015 05:05PM

If he is travelling back every weekend it could be using the cross border relief? It could still deemed his main residence?

scot1964 · 06-10-2015 06:13PM

I travel back most weekends at moment, just looking at options.

My main question was what rate of tax would I pay renting the house out as a non-resident?

Ciaran · 06-10-2015 09:25PM

scot1964 wrote: »

My main question was what rate of tax would I pay renting the house out as a non-resident?

The same as anyone else. 20% on the first 33800 and 40% on the balance.

Non Resident Landlord Tax Liability

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