Revenue form 12 and foreign income

G

groober

Guest
I'm trying to fill out section 26 of Form 12 (Tax Return). We have a leaseback apartment in France and I am ignorant of what figure to include for "Gross Amount of Foreign Income". Should this be the total rental income for the year or the final amount of profit/deficit for the year as determined by French Tax returns? Also, does anyone know what amounts should be added for the total amount of foreign tax deducted?
Much appreciated.
 
I asked this question last week for someone else and Graham kindly replied. If you check under my name you should find it.
 
You should enter the total amount of rent received.
Enter the full amount of any income tax on the rental income paid on the property in France (for the foreign tax deducted).
All other taxes paid should be treated as expenditure (provided they would normally be allowed under Irish rental income/expenditure rules)
 
Back
Top