Tax on rental income, when travelling

Y

Yowza

Registered User
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Hi all,

I own a house without a mortgage which I'm currently living in. It's the only house I own. I am a single person with no marriage or children. I'm looking to go travelling for 6 months to 1 year (or more). If I go travelling and rent out the house how much tax will I need to pay? I will not be in Ireland during the rental period and it will be my only income during this period. It would be in the range of €12,000-€14,000 a year.

Any advice is much appreciated

Thanks
 
Last edited:
Not much...if all you had for a full calendar year away was the rental income, maybe €1,500 in total.
 
Think I took the midpoint of your range, €13,000.

€13,000 @ 20% is €2,600. Your personal credit is €1,650, so net tax payable of €950.

USC at 1.5% on €12,000 is €180 and at 3.5% on €1,000 is €35. Total USC of €215 payable.

PRSI at 4% is €520.

Total therefore €1,685.

All of the above assumes that you've nothing to deduct from that income (e.g. interest, wear and tear on furniture, etc) or that you've already deducted the expenditure.
 
Gordon Gekko said:
Think I took the midpoint of your range, €13,000.

€13,000 @ 20% is €2,600. Your personal credit is €1,650, so net tax payable of €950.

USC at 1.5% on €12,000 is €180 and at 3.5% on €1,000 is €35. Total USC of €215 payable.

PRSI at 4% is €520.

Total therefore €1,685.

All of the above assumes that you've nothing to deduct from that income (e.g. interest, wear and tear on furniture, etc) or that you've already deducted the expenditure.
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Thanks for your help
 
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