Tenants Rental Tax Relief

I had a tenant renting a house from me and he was claiming his tax credit of €1650 which equated to him getting an annual tax refund of €330.

I now have new tenants - two single guys. Do they both get this credit or only the one that I have drawn the lease agreement up with ? Or should I fill out the form showing their monthly rent as €500 each instead of the total of €1000.

Its not very clear

Any help appreciated

They are both entitled to the relief. Even though your lease is with one tenant they made it clear to you that there is two of them so just put down mothly rent as 1k which is what you receive.

Thanks for that. The guys in question are Polish so their English isn't brilliant (better than my Polish though!!). They were asking me about it, and I wasn't sure how it worked. I said I'd get them the forms that they needed.

Its handy to remember this when renting out a house. Even though its advertised for €1,000 per month, with tax refunds for both of them it effectively works out at €945 per month. Useful when the haggling begins !

You'll also need to register the new lease with the PRTB, up to maximum of 2, I think, per year.

Confused again....

It turns out now that there are going to be 4 tenants (the 2 guys have their partners with them)

I have one lease agreement with one of the tenants. Do I need 4 agreements???

Do I fill out this [broken link removed] for each tenant ? In the section 'Amount of Rent Paid/Payable by you' do I fill in €250 or €1000 ?? If I fill in €1000 I don't want the revenue to think I am getting €4,000 per month for this property !!

On the PRTB [broken link removed] do I then I have to register each tenant or just one tenant (the one who signed the lease) ? Registering them all will cost me €300.(€70 for one)

Its handy to remember this when renting out a house. Even though its advertised for €1,000 per month, with tax refunds for both of them it effectively works out at €945 per month. Useful when the haggling begins !

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I do not see what bearing tax relief given to tenants has to do with you as a landlord setting the monthly rental price? Perhaps you should inform your tenants of the tax reliefs you recieve so that they may haggle from a more informed position.

I think you are getting mixed up here. The tenants need to fill out this form themselves and submit it to the Revenue so that their tax table will be calculated with this relief taken into account. They will have to ask you for your PPSN to be able to do this.

Leaving the lease as is, with one main tenant, is fine; so long as it mentions the monthly rental being charged for the whole property.

I am under the impression that you will need to register all tenants with the PRTB, but I could be wrong on that.

Amygdala said:

I do not see what bearing tax relief given to tenants has to do with you as a landlord setting the monthly rental price?

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I only mentioned it because there are a lot of landlords out there not paying tax and only want cash payments. And a lot of tenants seem to be unaware of their entitlements (especially foreign workers).