Rental Income and part time work

spouse

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I have recently started getting rental income on a property and have also started working part time employed by schools and Department of Education and Skills.

My husband works full time PAYE and he also has a rental property and always includes this income on the annual tax return Form 12.

My question is since we are jointly assessed can I include in my rental income on our Tax Return Form 12 for 2015 or do I need to register myself for Income Tax using the Form TR1?

From reading the form TR1 the questions appear more business related.

Life might be simpler if I work fulltime PAYE!!

Any advice appreciated.

Thanks.
 
If you are taxed jointly then just use the one form
Thanks for your reply, I am confused as our PAYE income (my husband's mainly) far exceeds the rental income amount.
It was my understanding that we would include both our rental incomes on a Form 12 for 2015.
If I am to register as self employed using Form TR1 for 2015 how does that impact my husband's return for 2015?
 
If the net rental income for either of the properties exceeds €3,174 then that person has to register as self-employed using a form TR1 as that person is then deemed to be what's called a "chargeable person" by Revenue.
Then you will have to submit a Form 11 under that person's name and include all income (husband's & wife's) together on this form. Your husband then does not have to submit a Form 12 at all as the details have been submitted using the Form 11

So for example, if your net rental income for 2014 is €5,000, you have to register as a chargeable person for 2014 and submit a Form 11 to Revenue under your name. This Form 11 will include ALL income (rent, employment income, etc) for both yourself and your husband for the 2014 tax year

If the net rental income for either of the properties does NOT exceed €3,174 then the Form 12 will suffice for all income.
 
My understanding is that if you're joint assessed, the €3174 limit applies to the combined non-PAYE income of both spouses.
 
Wow, this was very enlightening! Thank you! You can also try Earn Honey to make money from home without any investment ....
 
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