My landlord is a non-resident and every month, I send them 80% of the agreed rent, then I report this to Revenue and pay 20% of the rent to Revenue. I am back to filling Form 12 this year, and while adding incomes and tax credits etc. there is Rent Paid to Non-Resident Landlord section under Other Income, which asks for the gross rent I paid in 2024.
My question is, as I paid NLWT monthly and reported it thru NLWT system during the year already, do I need to add Rent Paid to Non-Resident Landlord as income during my tax return? My guessing is, if I add it, the system will show me how much NLWT I need to pay and deduct it from my tax credit. As I already paid it, then I will be double taxed.
I can't be sure if that section in Form 12 is for just notifying Revenue or will it actually cause tax burden.
Thank you
My question is, as I paid NLWT monthly and reported it thru NLWT system during the year already, do I need to add Rent Paid to Non-Resident Landlord as income during my tax return? My guessing is, if I add it, the system will show me how much NLWT I need to pay and deduct it from my tax credit. As I already paid it, then I will be double taxed.
I can't be sure if that section in Form 12 is for just notifying Revenue or will it actually cause tax burden.
Thank you