On a rental income of 30,000€ how much would the net tax liability work out as for a non-resident landlord with no other income in Ireland? Is the general rule that it works out around 20% tax on profit?
Income: €30,000
Management Fees: -€500
Insurance: -€400
Other: -€1000 (upkeep of house, accounting fees etc etc)
LPT not tax deductible but for reference -€500
Discover how to file your tax returns as a Non Resident Landlord in Ireland in this guide. Find out what tax reliefs you can claim & the role of collection agents. Read more.
Thank you, this is much clearer than the details on the revenue.ie site. Just to clarify, I still think it would be the 20% tax rate applied in this case as the earnings would be under the threshold for the higher tax rate. Is that correct?
Yes once you’re under the threshold you pay the lower rate. Why do you not have wear and tear? Prob cost is also deductible etc. Are you the sole owner.