Planning to move to Spain in 2025 and rent house out to Fingal Co Co on a 5 yr lease and possibly sell up after that or extend lease for another 5 yrs. I won't be working abroad so rental will be the only source of income. At 80% of average market rent, annual income from the rental would be approx €28k. As it's under the €40k threshold, am I correct in assuming the tax rate of 20% would apply plus 8% USC?
Thanks
Thanks