How much before paying tax?

P

packard

Guest
Hi, how much are you allowed receive in a rent income before you have to declare tax to the revenue. If rent is at €1000 a month and for 12 months you get €12000, so if you do the maths, is it 40% of €12000, or what way does it go.?
 
That's not the answer i was looking for, you must work for the revenue
 
If you have rental income that does not qualify as tax-free under the rent-a-room relief scheme, then the rental income less allowable expenses ( revenue have a guide on this at www.revenue.ie) is added to your other income as the "top slice" and is taxes at the appropriate rates.
 
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