Do we need a new PPS number for renting

Myself and my ex are going to rent out our house in the next week or two her accountant has told her we need to go to revenue to get a new PPS number for tax purposes, i have never heard of this before is this a must, or can we just both tell revenue seperately we are renting and pay any tax seperately, im really not comfortable getting a new PPS number which i feel is not necessary particularly if im am going to be paying tax anyway.

Any advice would be great particularly on a legal side many thanks

possible that he was suggesting that you set up a partnership. there was a similar thread earlier today.

http://www.askaboutmoney.com/showthread.php?t=161716

I dont think its absolutely necessary; but as suggested , it might make things more straightforward

oh i didnt see the thread do you think it would be better to set up a partnership

There is more to Renting then just paying tax on the rent - as you are probably aware :

You need to register with PRTB
Calculate Taxable income - Capital allowances, allowable mortgage interest etc

Are you in a position where you can both sit down once a year and do this -- If so & if revenue dont request otherwise going individually should be fine.

But as suggested in the other thread , a partnership boxes off the rental income separately and might be easier for both you and Revenue

Separated couples are given different PPS numbers.

Thirsty said:

Separated couples are given different PPS numbers.

Click to expand...

Really?