I am selling 3 investment properties.
I see only 1 of them listed on the PRTB website. It's possible i forgot to register the others years ago- (although i didnt think i did.)It was back in 2005.
I am aware you can register late with a late fee.
But am I correct in thinking that s only for properties that were originally registered at some point (i.e. late fee is in fact for later renewals - as opposed to late initial registration)
I am afraid to ring up PRTB in case i put myself on their radar.
Obviously the penalty for not being registered is not being allowed claim interest as a tax relief over the years. (which would be thousands for me)
So - i have 2 specific questions:
- Can i late register a property (as opposed to later renewal)
- If i cant, and i am forced to pay the revenue the charges,would teh monies owed simply come out of the sale of the properties?
I see only 1 of them listed on the PRTB website. It's possible i forgot to register the others years ago- (although i didnt think i did.)It was back in 2005.
I am aware you can register late with a late fee.
But am I correct in thinking that s only for properties that were originally registered at some point (i.e. late fee is in fact for later renewals - as opposed to late initial registration)
I am afraid to ring up PRTB in case i put myself on their radar.
Obviously the penalty for not being registered is not being allowed claim interest as a tax relief over the years. (which would be thousands for me)
So - i have 2 specific questions:
- Can i late register a property (as opposed to later renewal)
- If i cant, and i am forced to pay the revenue the charges,would teh monies owed simply come out of the sale of the properties?