ShaneyMac said:I have a property up for rent at the moment and about 70% of the calls I'm getting to view it are from people asking do I take rent allowance. I'm not sure what to tell them as I don't fully understand how much these tennants are entitled to from the state and where does the rest of the money come from.
My present point of view is that these tennants would be less desireable due to the fact that -
- If they are on rent allowance, they don't work, and therefore, where do they get the balance of the money, over and above what the state pays them.
- Whilst I'll certainly get the state portion of the rent, I could end up chasing the balance every month from the tennant.
Am I misguided in this assumption about rent allowance tennants?
Any experience/advice greatly appreciated.
nedser said:Is there a requirement if you receive rental allowance from a tenant you must be tax compliant - also do you run an increased risk of being caought by the tax authorities?
Don't you have to be registered with the PRTB to rent your property? In which case presumably there will be a greater chance of being caught out for the SD clawback. Just pay your tax liabilities.nedser said:I am considering renting out my apartment, however I have not been an owner occupier for 5 years and there will be a claw back of stamp duty if I do so, therefore if I rent it out I intend to be non tax compliance for the first year in order to avoid the claw back. Is there a requirement if you receive rental allowance from a tenant you must be tax compliant - also do you run an increased risk of being caought by the tax authorities?
nedser said:I dont want to sell the apartment.
The cheque would have been made out to you and crossed, right?collie said:Guess what she did a bunk with the last months health board cheque,
The cheque would have been made out to you and crossed, right?
umop3p!sdn said:Same thing happened to a friend of mine. These cheques are generally made out to the tenant.
The Social Welfare wasn't interested in the fact that this tenant had defrauded them. Indeed, the tenant moved into a council house. It was a bonus to buy their white goods with I suppose.
Friend put it down to bad experience.
...but they said that the reason was they didn't accept rent allowance...
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