Non-Resident Landlord Withholding Tax reforms

[T McGibney]

I'm surprised the Law Society has not sent a directive to solicitors.

They probably did but because it came into vogue during Covid, some solicitors may have missed it back then.
There's no difficulty once their clients are honest.

 

[Paul22]

Hi,

If my sister is my collection and she goes into her ROS or myAccount on the Irish revenue site, and then she selects the Non-Resident Landlord Withholding Tax (NLWT) section. Does she pay the monthly rental income using my PPS number or a new PPS number?

 

[Nutso]

I do it for my OH and I use his PPS number.

 

[Paul22]

Thanks

 

[saintstephen]

Hi All
As has been said many times, this set up seems crazy. It is not feasible to ask the tenants to do this and I am not comfortable to ask a family member or friend.
So .... at this stage it seems I have two options ......
- My accountant says to just go onto 'My Account' and do it myself each month, which I would do except for the statement that the agent must be resident in Ireland. Also, because I am late to get myself organised, do I just start doing it from this month and submit a regular return in October or do I pay the backlog to last July ?
- My other alternative is to use an agency, I have contacted 'Red Oak' who says they will act on my behalf for a fee but I must submit returns through them.

 

[saintstephen]

I do it for my OH and I use his PPS number.

Is he an Irish resident ?

 

[saintstephen]

I'm having difficulty in deciding the correct action to take, if anyone can advise then I would be very grateful

So .... at this stage it seems I have two options ......
- My accountant says to just go onto 'My Account' and do it myself each month, which I would do except for the statement that the agent must be resident in Ireland. Also, because I am late to get myself organised, do I just start doing it from this month and submit a regular return in October or do I pay the backlog to last July ?
- My other alternative is to use an agency, I have contacted 'Red Oak' who says they will act on my behalf for a fee but I must submit returns through them.

 

[saintstephen]

Just another Q
Hope this makes sense
Under the old system we pre-payed our estimated tax liability for 2024 with the 2023 return
Under the new system I presume we do not need to pre-pay for 2025 ?
If so can we use the 2024 'credit' as part payment.