T McGibney
Registered User
- Messages
- 6,961
Go get proper professional advice. If they contradict me, get it in writing, send it to me in strictest confidence and if my advice is proven wrong, I'll pay €100 to a charity of your choice.
Go back to your first post and then tell me you are not confused,
'For you to qualify for rent-a room relief, your home must be located in the State and you must occupy it as your sole residence during the year of assessment. This means that it is your home for the greater part of the year and is where people would normally expect to make contact with you. In most cases, you do not have to own the property – you could be a tenant and be sub-letting to someone else. (In these cases, you should check with your landlord that sub-letting is allowed – see our document on tenants’ rights and obligations.) However, if you are renting to a HAP tenant you must own the property and provide proof of ownership.'
From this, my understanding is, my son could sublet a room and clain the rent a room relief. This is quite interesting.
And I'm most certainly not confused, but merely trying to help you. Silly me for breaking the first rule of AAM - never bother responding to a query from a new poster who doesn't use the word please.
It's a rule of mine, and generally holds.Since when is that a rule of AAM?
It's a rule of mine, and generally holds.
That rent a room would be if it were your home. Your sole residence.
Really ! I've never noticed such a thing before. You're gas. And it's a bit mean to a new poster in any case.
Thank you for looking out for a new poster. I'm not replying to that person again!!! I am a very fragile person, quite sensitive really.Really ! I've never noticed such a thing before. You're gas. And it's a bit mean to a new poster in any case.
That makes two of us.Thank you for looking out for a new poster. I'm not replying to that person again!!! I am a very fragile person, quite sensitive really.
Tommy was offering you tax advice yesterday. Surely PRTB aren't telling you whether or not you can claim you mortgage interest against tax?I will be emailing this query so I will have it in writing
They clarified I do not have to register with them, I know I can't claim tax relief if not registered,Tommy was offering you tax advice yesterday. Surely PRTB aren't telling you whether or not you can claim you mortgage interest against tax?
I just rang the RTB, if renting to a son, regardless of whether I charge rent or not and if I am not residing in the property, I do not have to register with RTB, I will be emailing this query so I will have it in writing,
You know wrong. If there is no registration requirement, the restriction under TCA 1997 s97(2I)(a) clearly doesn't apply.They clarified I do not have to register with them, I know I can't claim tax relief if not registered,
Restriction of interest relief With effect from 1 January 2006 relief is denied in respect of interest on borrowed money applied in the purchase, improvement or repair of rented residential properties unless the person making the claim can show that the registration requirements of Part 7 of the Residential Tenancies Act 2004 have, in the year for which the relief is claimed, been complied with in respect of all tenancies which existed in relation to that premises in that year.
I am not supposed to be replying to you but anyway, we will beg to differ on earlier posts.You know wrong. If there is no registration requirement, the restriction under TCA 1997 s97(2I)(a) clearly doesn't apply.
https://www.revenue.ie/en/tax-professionals/documents/notes-for-guidance/tca/part04.pdf
Again, for the nth time, you need professional advice to clarify this if you're not 100% sure of it. It will be well worth it.I am not supposed to be replying to you but anyway, we will beg to differ on earlier posts.
I had read up on the 2004 act and was wondering the same,
I know and thanks for the help along the way, we would make a great team, I think the RTB should employ us.Again, for the nth time, you need professional advice to clarify this if you're not 100% sure of it. It will be well worth it.
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