RTB, Revenue and Rent

clinteastwood said:
I guess that's the logical outcome of a self assessed tax system.
Click to expand...
Not so much that. Read any Revenue annual report. They measure their performance by the amounts of tax they collect. It's pretty much the same model as the banks uses in the celtic tiger era in relation to credit advanced.

So when you rely on them for tax advice, their guidance may well be motivated to get you to pay more tax than you necessarily need to.

And as long as they disclaim responsibility for bad advice, they can keep churning it out.
 
Last edited:
You got this information in writing? Because I very much doubt you did. And if this was a phone call you are wasting your time.

And you should not telephone revenue either, send in a message via their systems, wait a few weeks and enter into the realms of another world. But at least you'll have it in writing.
 
Another update. I didn't bother getting in touch with Revenue direct. Instead I spoke with the accountant and she said that as we are exempt, then no need to register for tax purposes. But that she will need to review the Finance Act to be published & see the guidance provided. I'll let you know of any developments.
 
Fran777 said:
Instead I spoke with the accountant and she said that as we are exempt, then no need to register for tax purposes.
Click to expand...
She agrees with me, so she's probably right!

She's correct to check the latest changes. I read the wording in the Finance Bill to mean that the new tax credit announced in Budget will only be available where its either RTB registered or rented to a local authority. There are some additional clauses that it doesn't apply where the tenant is a connected party.

‘qualifying premises’ means a rented residential premises situated in the State—
(a) that on the specified date is owned by a person chargeable, and
(b) to which, on that date, one of the following subparagraphs applies:
(i) the premises is occupied by a tenant under a tenancy registered under Part 7 of the Act of 2004 by the person chargeable; ​
(ii) the premises is a premises to which Part II of the Act of 1982 applies and is occupied by a tenant;​
(iii) the premises is let to a public authority (within the meaning of the Act of 2004) and is occupied by a tenant; ​
(iv) the premises is being actively marketed for rent with a view to the person chargeable entering into a residential tenancy agreement with a willing tenant;​
​
 
I had asked a question but then decided to delete it only to find there seems to be no delete option.

I hope you've managed to find clarity in your search.
 
Last edited:
Do landlords who live overseas have to register their property with the RTB?

I have done a search on a neighbouring property and it is showing nil results. This property has been rented out for over 30 years.

Thanks.
 
Odea said:
Do landlords who live overseas have to register their property with the RTB?

I have done a search on a neighbouring property and it is showing nil results. This property has been rented out for over 30 years.

Thanks.
Click to expand...
Yes.
Not coming up in a search means nothing, the RTB's systems are a mess.
 
You must log in or register to reply here.
Menu
Log in
Register