Claiming tax back on money paid to parents

A

arret

Registered User
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I pay my parents x amount per month rent (the joys of home living!). I'd like to claim this back for the last couple of years.

I've heard mixed responses of whether or not you can do this and then the various effects it may have on my parents.

I need their PRSI number and then fill out the form with the amount I pay each month or whatever, added up for each year. Do I need any backup for this? Do I need to get receipts off them?

What sort of effect is this going to have on them? Is there a certain amount they can earn without getting taxed extra?

Thanks
 
Under the "rent-a-room" scheme, Revenue allow the first 5k (I think) per annum tax free, BUT, that may depend on personal circumstances.

I am not aware of any exclusions for renting to family.

You will need their PPSN and signed receipts and you will need to download this [broken link removed] from the Revenue site.
 
So I need a receipt for each period from my parents.

i.e.
-------------------------
Mary Smith
PPS 1234567D

Rent for Septemeber 2007
Amount: €100
-------------------------

Seems a bit odd to me that someone would get receipts from their parents though ?


And the first 5k that you refer to, I assume that's from my parents point of view receiving the money?
 
mathepac said:
I am not aware of any exclusions for renting to family.
Click to expand...
I believe that a Finance Act in recent years put an end to the possibility of parents claiming rent a room relief on money paid to them by children and of children claiming the rented accommodation tax credit in respect of such payments. I may be wrong but that's what I recall from threads in the past year or so on this issue here on AAM.
 
Clubman is right. From 2007, parents could not claim the "rent a room" relief in respect of rent received from a child.
 
Parents cannot claim relieft meaning that anything I claim back in tax for rent is then claimed back from them? Or do you mean from 2007 I can't claim back full stop?

What about before that? Can I claim back for before 2007 still?
 
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