Irish Rental Tax
Being a landlord is no easy job: If you are a part time or full time landlord at the moment, you will be aware of the importance of keeping your accounts and tax affairs up to date. Whether you are dealing with Airbnb or booking.com or a local agency, you need to declare this activity on your tax return. Even if you are not making a profit. It’s the profit from renting that is taxable, not the gross rent itself. Depending on what level you are at, the various taxes that need to be considered are:
- Income tax
- PAYE/PRSI for Employees
- Corporation tax
- Value added tax
If you have to spend money doing up a property, then read this article on what you can claim.
If you want to discuss any aspect of your Business or Tax Affairs, just fill out the below 2 minute questionnaire, and I will respond with your options within 24 hours
If you have a query you would like to run by me, just Click Here and complete my online 2 Minute Questionnaire. It comes straight to me, and I’ll respond with your options within 24 hours
DERMOT HICKEY
Seafarer, April 2014
“Since signing up with Kevin Barry a few years ago my affairs have been handled professionally and any concerns dealt with, I would recommend the company to anybody who is struggling with their tax affairs to get in touch”.
Irish Rental Tax
Being a landlord is no easy job: If you are a part time or full time landlord at the moment, you will be aware of the importance of keeping your accounts and tax affairs up to date. Whether you are dealing with Airbnb or booking.com or a local agency, you need to declare this activity on your tax return. Even if you are not making a profit. It’s the profit from renting that is taxable, not the gross rent itself. Depending on what level you are at, the various taxes that need to be considered are:
- Income tax
- PAYE/PRSI for Employees
- Corporation tax
- Value added tax
Before you start spending money on repairs, read this article on what you can claim
If you want to discuss any aspect of your Business or Tax Affairs, just fill out the below 2 minute questionnaire, and I will respond with your options within 24 hours
If you have a query you would like to run by me, just Click Here and complete my online 2 Minute Questionnaire.
It comes straight to me, and I’ll respond within 24 hours
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