I don't think that you can avail of the rent a room scheme when you are cohabiting.
I don't think that you can avail of the rent a room scheme when you are cohabiting.
It's not up to Revenue to monitor it - it's up to individuals to be honest and compliant in their dealings with them. Obviously there are innumerable ways to evade tax but I think it's a given around here that we assume that people are playing by the rules...I'd be interested to know how the Revenue would monitor this? Hold a glass up to the bedroom door perhaps?
I'd be interested to know how the Revenue would monitor this?
It's not up to Revenue to monitor it - it's up to individuals to be honest and compliant in their dealings with them. Obviously there are innumerable ways to evade tax but I think it's a given around here that we assume that people are playing by the rules...
As I said I don't know for sure that you cannot avail of the rent a room scheme here but I suspect that you cannot. Especially since that possibility was closed off for, say, children living at home and paying housekeeping/rent to the parents a while back. On that basis I presume that rent a room requires that the tenant is at "arm's length" and not part of the family or of a couple.
Maybe no way to monitor it per se but God forbid, in the event of an acrimonious relationship breakdown, there could be tax issues re: inappropriate use of Rent a Room scheme if this was brought to Revenue attention by an aggrieved party
Probably best to get professional advice unless something on Revenue's website clarifies the matter?
Would there be stamp duty issues for you if she is going to be paying you rent?
How ? The rent a room scheme has no implications on the home as a home, i.e. it does not make it an investment property.
If ye are engaged it might change things re her rights to claim an interest in your apartment
Didn't realise that an engagement would be considered the same as being married.
Didn't realise that an engagement would be considered the same as being married.
Property of engaged couples.
5.—(1) Where an agreement to marry is terminated, the rules of law relating to the rights of spouses in relation to property in which either or both of them has or have a beneficial interest shall apply in relation to any property in which either or both of the parties to the agreement had a beneficial interest while the agreement was in force as they apply in relation to property in which either or both spouses has or have a beneficial interest.
(2) Where an agreement to marry is terminated, section 12 of the Married Women's Status Act, 1957 (which relates to the determination of questions between husband and wife as to property) shall apply, as if the parties to the agreement were married, to any dispute between them, or claim by one of them, in relation to property in which either or both had a beneficial interest while the agreement was in force
exactly, i have no intention of evading tax, but equally i'd prefer not to have to go through the process of putting her on the mortgage deeds
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