Rental income tax return query

[redcard]

Hi all
I’m looking for a bit of guidance please, myself and my other half owned a house together that we rent out. The rental income is split in half and we both did individual tax returns yearly. We got married to each other in 2023. I notified the tax office that we were married and I gave my husband my tax credits because I wasn’t working and I also adjusted how our rental income tax would be paid which would be together and he would do the tax return. My question is do we just go into his Ros account and file the tax return for full rental income? If so, what do I do with my Ros account? Do I just leave it there or do I have to close it off?

 

[Bronte]

I used to do our rental income on my husband's tax return, but when I hired an accountant from AAM the rental income had to be split so you'll have to continue to do two tax returns.

Also be aware that revenue have had issues over married people and tax credits. Make sure you have that done correctly and your husband is getting the correct status and credits.

 

[redcard]

Oh really, that’s confusing as when I went online to pass over my tax credit last year to my husband it gave options on how we wanted to do our tax return going forward and I choose to do it jointly. He is a paye worker and I’m not working so it’s just the rental income we need to declare

 

[jpd]

You will need to declare both PAYE and rental income - but obviously, tax will be deducted from the PAYE income at source

 

[Philip S]

Hi all
I’m looking for a bit of guidance please, myself and my other half owned a house together that we rent out. The rental income is split in half and we both did individual tax returns yearly. We got married to each other in 2023. I notified the tax office that we were married and I gave my husband my tax credits because I wasn’t working and I also adjusted how our rental income tax would be paid which would be together and he would do the tax return. My question is do we just go into his Ros account and file the tax return for full rental income? If so, what do I do with my Ros account? Do I just leave it there or do I have to close it off?

if you are filing jointly you will file 1 tax return but the income for both of ye will appear on the form. Their is a section for tax payer income and spouse income.

 

[redcard]

if you are filing jointly you will file 1 tax return but the income for both of ye will appear on the form. Their is a section for tax payer income and spouse income.

Thank you, do I need to do anything with my on ros account then or no?

 

[jpd]

When you file your joint return, you will have to enter both Tax Registration numbers, so I would presume that Revenue will not come looking a your return separately

 

[DB74]

You have to deregister your PPSN from Income Tax with effect from 31/12 of whatever the last year you submitted a return was. Otherwise Revenue will still look for a return from you until you deregister

 

[torblednam]

I used to do our rental income on my husband's tax return, but when I hired an accountant from AAM the rental income had to be split so you'll have to continue to do two tax returns.

Also be aware that revenue have had issues over married people and tax credits. Make sure you have that done correctly and your husband is getting the correct status and credits.

The distinction for you is that you are (I believe) non-residents - joint assessment is not available where one or both spouses is non-resident, unless all the income of both spouses is within the charge to Irish income tax.

I expect this is the reason that you need to file separately.

 

[redcard]

You have to deregister your PPSN from Income Tax with effect from 31/12 of whatever the last year you submitted a return was. Otherwise Revenue will still look for a return from you until you deregister

Do I do this online?

 

[torblednam]

Here:

 

[Bronte]

The distinction for you is that you are (I believe) non-residents - joint assessment is not available where one or both spouses is non-resident, unless all the income of both spouses is within the charge to Irish income tax.

I expect this is the reason that you need to file separately.

That must be it so. But it was at least a decade that I filed under my husband's name only. In Ireland our only income was rental income.

One odd thing happened as well, someone in a city council got annoyed and thought we were hiding income from the tax man, so they reported us to revenue and revenue created a new PRSI number for us. It had my first name and husband's surname so it related to an actually nobody. Accountant had to get that suppressed.