It may be too early, but if other early birds are trying to file a form 11 for rental income, have you found the section for the landlord tax relief for the 2024 tax year?
1. Revenues website says: locate the Residential Premises Rental Income Relief section on form 11
Doesnt exist for me
2. The booklet on the relief "Part 15-03_04" states to claim on form 11 on a self-assessment basis: "to calculate the amount of RPRIR to which they are entitled. This involves calculating the Case V rental income from their qualifying premises, after deduction of capital allowances relief for any Case V losses forward."
Which is vague enough not to explain how to actually do it unless one was to simply deduct the relevant amount from the gross rental income after allowances to get the correct relief amount.
3. Messaged them for clarification several times on my inquiries, they don't reply.
Point 3 suggests they probably haven't incorporated it into the form 11 yet, despite knowing about it for years. Its possibly because I'm a nonresident landlord that it's not showing up either. Although I've gone through the publicly available information carefully and no-where does it say resident landlords only.
BTW you need to hold a valid tax clearance certificate issued before 31st of December 2024, which I doubt everybody knows about and seems like a way to automatically exclude lots of people. I do have the certificate though.
Anybody have any views or experience on claiming the relief yet or still waiting to see?
Thanks,
EDIT: I checked it again for the 10th time this month just after posting and they literally just added it in to the "Irish Rental Income" section where it should be. I'll leave the post here as a reminder to other users where to find it and to remember to claim it (assuming you got the tax clearance cert issued in 2024).
1. Revenues website says: locate the Residential Premises Rental Income Relief section on form 11
Doesnt exist for me
2. The booklet on the relief "Part 15-03_04" states to claim on form 11 on a self-assessment basis: "to calculate the amount of RPRIR to which they are entitled. This involves calculating the Case V rental income from their qualifying premises, after deduction of capital allowances relief for any Case V losses forward."
Which is vague enough not to explain how to actually do it unless one was to simply deduct the relevant amount from the gross rental income after allowances to get the correct relief amount.
3. Messaged them for clarification several times on my inquiries, they don't reply.
Point 3 suggests they probably haven't incorporated it into the form 11 yet, despite knowing about it for years. Its possibly because I'm a nonresident landlord that it's not showing up either. Although I've gone through the publicly available information carefully and no-where does it say resident landlords only.
BTW you need to hold a valid tax clearance certificate issued before 31st of December 2024, which I doubt everybody knows about and seems like a way to automatically exclude lots of people. I do have the certificate though.
Anybody have any views or experience on claiming the relief yet or still waiting to see?
Thanks,
EDIT: I checked it again for the 10th time this month just after posting and they literally just added it in to the "Irish Rental Income" section where it should be. I'll leave the post here as a reminder to other users where to find it and to remember to claim it (assuming you got the tax clearance cert issued in 2024).
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