Evian_Water
Registered User
- Messages
- 2
For the last three years I have rented a room in my home under the rent a room scheme.
From my reading at the time this was tax free up to €14k. The rent I have collected has been significantly under this threshold and collected via bank transfer.
I recently noticed that there is a section on Revenue "MyAccount" to declare this amount.
Up until this point I was not aware this was necessary and am now concerned that if I declare this money I will be hit with a fine/late fee or even made to pay tax.
Can I ask if others have experience in declaring this information to revenue? Do others think I am likely to be hit by a late declaration fine.
In my opinion it was not clear a couple of years ago.
From my reading at the time this was tax free up to €14k. The rent I have collected has been significantly under this threshold and collected via bank transfer.
I recently noticed that there is a section on Revenue "MyAccount" to declare this amount.
Up until this point I was not aware this was necessary and am now concerned that if I declare this money I will be hit with a fine/late fee or even made to pay tax.
Can I ask if others have experience in declaring this information to revenue? Do others think I am likely to be hit by a late declaration fine.
In my opinion it was not clear a couple of years ago.