uljha.desi
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Myself and my wife own a small apartment. Both of us being equal partners in ownership. She is stay at home mother and has no other income. After expenses we have a gross rental income of 8,200 € in 2024.
We are a little confused on how to declare rental income to Revenue. We are following this link and both of these options seems plausible:
<looks like cant post link, but referring to irish-rental-income/how-do-you-declare-your-rental-income.aspx on Revenue website>
1 - since we co-own, and each of us get rental share of 4,100. Can we declare it as income for both of us using simple tax return process (requesting statement of liability and then entering 4100 extra income for each of us)
2 - since net rental income is greater than 5000, should we register for self assessment?
We are jointly assessed for income, if this matters.
Thanks, Appreciate all the help.
We are a little confused on how to declare rental income to Revenue. We are following this link and both of these options seems plausible:
<looks like cant post link, but referring to irish-rental-income/how-do-you-declare-your-rental-income.aspx on Revenue website>
1 - since we co-own, and each of us get rental share of 4,100. Can we declare it as income for both of us using simple tax return process (requesting statement of liability and then entering 4100 extra income for each of us)
2 - since net rental income is greater than 5000, should we register for self assessment?
We are jointly assessed for income, if this matters.
Thanks, Appreciate all the help.