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Hi, I hope this is the correct forum. I have been unemployed since April 2013 and have been minding our three kids in interim period. I was in receipt of Jobseekers for 9 months but this ended as they means-tested my wife's salary. Since then I have not been signing on for credits as I thought...

Thanks. Two questions though: 1. Does that Start Your Own Business Relief scheme mean that I would not be paying 20% PAYE for two years, only USC & PRSI 2. As I said in OP "I read about a 2 year exemption from income tax for people who become self-employed before the end of 2016. However, you...

Sorry, only saw this now. I will do that straight away.

I've been unemployed since Feb 2013. I received Jobseekers for 9 months but was not awarded JSA as my wife's salary was deemed too high. At the moment, she earns around 47k basic and about 5k bonus. She obviously has all my tax credits. I've been offered an opportunity to do some freelance...

Hi, I am currently unemployed and mind our 3 kids at home. I receive no social welfare assistance anymore due to my wife's salary. She earns roughly 48.5k before tax and before overtime. She has my tax credits. I've been offered some consultancy work, which will be ongoing and earn around...

Hi, This is an update on this thread - http://www.askaboutmoney.com/threads/no-tax-paid-on-rental-income-and-now-bank-forcing-sale.185848/page-2 Sale is now underway. Solicitor advised to sort this out asap. Here are my figures. Sorry about alignment. An accountant I spoke to briefly...

Hi, I've been unemployed for 18 months. My wife earns about 45k so after 9 months I've not been entitled to any JSB or JSA. We get 20 quid a week FIS. There's been rumours in my wife's workplace of late that there may be some forced redundancies. If so, and she is one of them, what would we...

deadlyduck, does your calculator not work on Mac? BTW, thank you, it's been very useful in previous years.

Hi, The transfer box on our jeep is beyond repair after some damage from a severe pothole (that we thought our exorbitant tax may have paid to fill in). The transfer box is unrepairable. I rang every breaker's yard in Ireland and cannot find a replacement part for this particular model. I...

Hi, Met with PIP recently. Our outgoings (based on ISI minimum guidelines) are more than our income so we cannot propose a monthly payment for 6 years to our lender to deal with some of residual balance on forced sale of BTL. Furthermore, we wouldn't be able to get our hands on more than a...

Ok, KBC have said there will not be a full write-down on the shortfall when the property is sold. They've asked for a number of items (affidavits, bank statements etc) but also "make a proposal to KBC for repayment of the residual balance." I worked our income and reasonable living expenses...

Thank you Julie. Will the IMHO deal with BTLs though or just family homes? I did send the IMHO a message on their contact form on Thursday last outlining the situation and am awaiting a response. I am sure they are inundated with cases at present. How quickly did they get back to you and...

Thanks guys. Bronte. Here's the full figures per year on interest paid and rentail income. I'll have to look back at house insurance but it's been around 300 euro per annum. Interest Paid Rental Income 2008 9276.59 7600 2009 10264.77 10600 2010 9857.84 7700 2011 10454.62 8400...

Ok, thank you everyone for your kind help. Gonna trawl through bank statements since 08 and KbC are gonna send interest paid statement for same. This is a great site for assisting those in need, thanks again.

So, do we have to register for every tenant we've had? Only been two since 2008 anyway. The interest bill has been at least 900 euro every month since 2008. Rental income has been 700 euro for years, may have been 750 euro pm initially. So, basically can we now register with PTRB, plead...

Thanks for your advice. I understand they're separate issues but the tax issue arose on a separate thread and I was advised to ask here. How can the Revenue discover that rental income has been accrued for 5-6 years? Will something to do with house sale/inevitable registration with PTRB...

Thanks elcato. 1. As far as PIP advises, it will be taken out of sales proceeds as we have no way to pay it. 2. That's good to hear. i'll look into registering asap.

Thanks Bronte, just posted it here - http://www.askaboutmoney.com/forumdisplay.php?f=36

Hi, KBC are planning to force a sale on a property we've been renting since April 2008. There'll be a shortfall of 120k + on mortgage owed. We've never registered property with PRTB or paid second home tax, property tax or household charge on it as we've never been able to afford it. We've...

Bronte, just a quick Google suggests allowable deductions against rental income include 75% of interest paid. This would probably roughly equate to rental income. Does this sound correct? Thanks again to you both for your time in replying