Redwood1964
Registered User
- Messages
- 10
Hi there
Would anyone hazard a guess as to what I owe if I haven't paid any of the costs, including Rental Income Tax, PRTB, NPPR, USC, etc... for the past 11 years?!
I have been unwell for most of that time but that's beside the point as I couldn't afford to pay and thought that these could all be paid back upon sale of the property.
I started out with a €200,000 mortgage which has now reduced to €126,000.
I've had 5 sets of tenants during this time with the rent just about covering the mortgage repayments.
Now I've discovered that the likes of the PRTB, NPPR and USC need to be paid before the property is sold.
I cannot pay them as I'm only on a welfare payment for the past 10 years.
The apartment is now worth close to €400,000 and has two good tenants in situ willing to stay for another year.
All costs of keeping the property in good condition have been loans from my family which I will pay them back on completion of sale.
Can somebody do the sums because I am floundering with all the penalty charges, etc...
Thank you in advance
Would anyone hazard a guess as to what I owe if I haven't paid any of the costs, including Rental Income Tax, PRTB, NPPR, USC, etc... for the past 11 years?!
I have been unwell for most of that time but that's beside the point as I couldn't afford to pay and thought that these could all be paid back upon sale of the property.
I started out with a €200,000 mortgage which has now reduced to €126,000.
I've had 5 sets of tenants during this time with the rent just about covering the mortgage repayments.
Now I've discovered that the likes of the PRTB, NPPR and USC need to be paid before the property is sold.
I cannot pay them as I'm only on a welfare payment for the past 10 years.
The apartment is now worth close to €400,000 and has two good tenants in situ willing to stay for another year.
All costs of keeping the property in good condition have been loans from my family which I will pay them back on completion of sale.
Can somebody do the sums because I am floundering with all the penalty charges, etc...
Thank you in advance