registred for income tax??

R

redcard

Registered User
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32
hi
can anyone advise me on the following

i am a paye worker and i also rent a house out, i sent in a form 11 for 07 rental income tax returns.i usually send in a form 12 but in 07 i was €127 over the treshold. Today i got a letter back from tax office saying im now regestered for income tax and that as a self employed person ill have to pay preliminary tax ect! im not self employed i am paye? what if my rental income is at a lower amount for 08 do i revert back to sending a form 12?

im confused can anyone advise please?

regards
rc
 
Once you send in the Form 11 you will be put on the system as self employed, so you will have to pay preliminary tax on your rental income and submit a form 11 every year from now on.

It has no effect on your PAYE income payments, you just include the pay & tax figures in your form 11.
 
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