they had said a couple of years ago that they were now registered and were paying what they owed.
This person was a gym instructor and said that they only ever paid about €300 tax a year as they wrote everything off and never declared what they were really earning.
Rent Relief is being phased out by 2017 and tenants are only eligible if already renting at 7 December 2010..... and the tenant is obviously not claiming any rent relief etc but isn't this system completely messed up???? how do they get away with it???
It's a generous concession even when it's used correctly. No USC or anything added, no need to tell revenue how much you made. It could be seen by some as an invitation to not be tax compliant."If you do not make an annual tax return and your income from rent and related services is under the exemption limit of €10,000, you do not have to claim rent-a-room relief as it will apply automatically."
It's a generous concession even when it's used correctly. No USC or anything added, no need to tell revenue how much you made. It could be seen by some as an invitation to not be tax compliant.
well I know two people who are both renting out 3 rooms in their house for at least €550 per month for each room. They are defo not declaring that!!! That I don't mind as much becuase at least these people are paying Tax on their income. This other person is neither paying tax on their income nor on their rental income. I just don't understand how revenue can not tackle this problem in some way...I mean there has to be some way that they can check. Can they not get different systems to talk to each other? like when people marry or something send them out letters to specify their address? It's just so unfair, I can't take the injustice of it! lets suppose they did change their address with revenue and he did say he was no longer at that address then could they tell from their revenue records that the presvious address was a home that was owned and not a rented property...therefor realising that they must be renting out that home???
no I couldn't do that, I would feel terrible guilty and two faced. I would much rather be grumpy and grumble about it. I just despair at how this country is run. The honest and good often seem to get punished while the lazy and dishonest seem to get rewarded.
no I couldn't do that, I would feel terrible guilty and two faced. I would much rather be grumpy and grumble about it. I just despair at how this country is run. The honest and good often seem to get punished while the lazy and dishonest seem to get rewarded...
Rent-a-room was an FF policy where the main goal was to assist people to get bigger mortgages.
There's no other income taxed the same way.
Without the need for declaration, Revenue have no idea what's going on in rent-a-room
Perhaps that's what they said they hoped would happen but we know what actually happened - the link below is from 2008No, its main goal was to defuse the crisis of rocketing rents
Fair enough.T McGibney said:There is, the childminders exemption.
Only if you have to make a return already. This is a valuable tax concession, it should in itself trigger the need to file a return.T McGibney said:Sorry, there is a statutory obligation to declare rent-a-room earnings on one's tax return.
If you do not make an annual tax return and your income from rent and related services is under the exemption limit of €10,000, you do not have to claim rent-a-room relief as it will apply automatically
Perhaps that's what they said they hoped would happen but we know what actually happened - the link below is from 2008
Only if you have to make a return already. This is a valuable tax concession, it should in itself trigger the need to file a return.
no I couldn't do that, I would feel terrible guilty and two faced. I would much rather be grumpy and grumble about it. I just despair at how this country is run. The honest and good often seem to get punished while the lazy and dishonest seem to get rewarded (dont remind me of the man in Cork that had a party to celebrate 35 on the social) aghhhhhh why are people let stay on welfare for 35 years!!!!!!!!!!!!!!! or dont mention the three skangers that HAD between eight and 69 previous convictions that attacked those American tourists??? 69 pervious convictions and never did time????? like arent there people in jail for not paying fines???? What is going on here??? madness.
If Revenue / Government incentivize tenants to declare that they are renting by claiming some sort of tax relief and if they are required to submit the LL's details, surely this is the easiest way to cross check if the LL is declaring the rental income.
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