G
grange hill
Guest
Hi all. Another newcomer I'm afraid. I've been renting a couple of rooms out under the rent a room scheme whilst living in the house myself. The amount received in 2010 is €9,700 ie just less than €10K. permitted tax free under the scheme, and my first question is do I have to fill in a form (11 I think) to send to Revenue to inform them of the amount I received? A friend told me I only need to fill out a form once the amount received is over the threshold.
Secondly, I am moving back home to the north & intend to commute south from there. I will continue to rent my house out, but from now on as a landlord. From January til now I have continued to rent the rooms out under the rent a room scheme. When filling in my tax return for 2011, do I class the amount received to date in 2011 as rent a room funds? I have received less than 10K to date. And then class anything further as rental income separately? Or will it all be lumped in together?
Many thanks
Secondly, I am moving back home to the north & intend to commute south from there. I will continue to rent my house out, but from now on as a landlord. From January til now I have continued to rent the rooms out under the rent a room scheme. When filling in my tax return for 2011, do I class the amount received to date in 2011 as rent a room funds? I have received less than 10K to date. And then class anything further as rental income separately? Or will it all be lumped in together?
Many thanks