Asked by a friend for advice re their former family home in UK which has been rented off and on since they moved back here, nothing done officially with it as initially they thought they might be moving back but anyway didn't happen. This is outside my area of expertise and I imagine they need a professional who is expert in overseas property income/tax etc, I have read up loads on previous questions etc but it's complicated.
It's a long story and while yes they should of course regularised it at the time, they didn't as the rent was just paying the mortgage and maintenance and no surplus came back to Ireland so foolishly didn't see it as extra income. Now they have been considering selling the house and worried about what that might entail.
Any suggestions for firms/individuals/experts who might be able to advise and untangle this mess?
It's a long story and while yes they should of course regularised it at the time, they didn't as the rent was just paying the mortgage and maintenance and no surplus came back to Ireland so foolishly didn't see it as extra income. Now they have been considering selling the house and worried about what that might entail.
Any suggestions for firms/individuals/experts who might be able to advise and untangle this mess?