Found tax receipts for rented house

I

imalwayshappy

Registered User
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238
Hi,

I found a bundle of receipts for tax year 2022 that i missed of c. 500 euro. Should I look at restating the 2022 tax year position or should i just add them to by 2023 tax return? If i restate the 2022 tax year, i will get a refund i assume? If i add to 2023 i will just pay less tax so it all evens out in the end. Any thoughts

Thanks
 
Similar happened to me, just put them in with the current year, made a note in my file and thought no more about it. If audited I can stand over the receipts
 
They should be declared for 2022 if that's the year in which the expenditure qualifying for tax relief was incurred. Revenue will rebalance your 2022 tax and issue a refund if one is due.
 
Knuttell said:
Similar happened to me, just put them in with the current year, made a note in my file and thought no more about it. If audited I can stand over the receipts
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The problem with this is if your 2023 return is audited in 2027, they will probably be disallowed as belonging in the wrong year and by that stage under the four year rule, you'd be disqualified from claiming a refund on foot of a compensating deduction for 2022.
 
Thanks all, do I just resubmit the form 11 then again for the year 2022? Never did this before so I assume it's exactly like the initial submission?
 
imalwayshappy said:
Thanks all, do I just resubmit the form 11 then again for the year 2022? Never did this before so I assume it's exactly like the initial submission?
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Are you self-assessed or PAYE?
If self-assessed then this might be relevant:

How to amend previously submitted Form 11

I submitted my Form 11 for 2022 using the "Return Preparation Facility" earlier this year. It was processed, got a small refund. Now my partner wants to make a lump sum PRSA contribution against her 2022 paye income. We're jointly assessed. Is there some way to do this on ROS, for example...
www.askaboutmoney.com
If PAYE then just go to myAccount and update the 2022 details.
 
ClubMan said:
What do you mean by "no issue"? The question is about claiming the rental tax relief/credit retrospectively. If they want to do that then they must do it against the year in which the expenditure was incurred.
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Noted thanks -
what is the tax benefit/ loss from the claim ?
 
ClubMan said:
No, 20%.

How much can you claim?

This page outlines how much you can claim
www.revenue.ie www.revenue.ie
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I had assumed that the OP is a landlord and is letting a house (most lay people tend to use the incorrect terminology), and has found additional receipts for expenses relating to their letting.

If they were renting their house, they should surely know how much rent they'd paid, without recourse to receipts.
 
torblednam said:
I had assumed that the OP is a landlord and is letting a house (most lay people tend to use the incorrect terminology), and has found additional receipts for expenses relating to their letting.

If they were renting their house, they should surely know how much rent they'd paid, without recourse to receipts.
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Correct. I am a landlord on the Marginal rate of tax. The receipts were repairs done on the house.
 
Knuttell said:
Similar happened to me, just put them in with the current year, made a note in my file and thought no more about it. If audited I can stand over the receipts
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This is what I've done. In addition when rent is due in December but doesn't show up in bank accounts until January I just put all rents in as the year they are paid into the account. If revenue want to redo my tax returns for all years it will be a right mess.
 
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