Hi all
A friend of mine is in a bit of bother and trying to figure out what to do. I figured I would ask for some advice here to try and steer her in the right direction.
She left her job in mid 2012 and hasn't worked in Ireland since. She moved abroad a year later and is still there. While she was in Ireland and unemployed she didn't claim any state benefits so there was nothing on file for her from the revenue's point of view.
She had 2 properties - one she had let for 7 years (approx) and the other she rented out when she quit her job. She didn't declare tax on either properties and used the rental income to live off.
Now she's back here temporarily as the banks have sold one of her properties due to arrears and are trying to take the other one. When she picked up her post recently she saw several letters from the revenue (only one a year sent) requesting income tax returns. No mention of rental income in the letter - it just says there are no tax returns on file. It doesn't appear to be an audit either.
What I want to know is - what do these letters mean? Do the revenue know about the rental income and are looking for the returns or are they just concerned that my friend seems to have fallen off the face of the earth since 2012?
The reason I ask is that she is battling with the banks at the moment and any money she has is going towards dealing with her 35k arrears. They have initiated proceedings for a repossession order. She wants to deal with the revenue but financially she cannot do this until she sorts things out with the bank. She cannot afford to pay an accountant to deal with the returns. Ideally she would like to put this on hold for a few months. How urgent is it that she deals with it now?
She fully intends on resolving any issues with the revenue but she's afraid if she responds now explaining the situation they'll start putting her under pressure to sort it out now.
Any advice welcome !
Thanks, as always
NM
A friend of mine is in a bit of bother and trying to figure out what to do. I figured I would ask for some advice here to try and steer her in the right direction.
She left her job in mid 2012 and hasn't worked in Ireland since. She moved abroad a year later and is still there. While she was in Ireland and unemployed she didn't claim any state benefits so there was nothing on file for her from the revenue's point of view.
She had 2 properties - one she had let for 7 years (approx) and the other she rented out when she quit her job. She didn't declare tax on either properties and used the rental income to live off.
Now she's back here temporarily as the banks have sold one of her properties due to arrears and are trying to take the other one. When she picked up her post recently she saw several letters from the revenue (only one a year sent) requesting income tax returns. No mention of rental income in the letter - it just says there are no tax returns on file. It doesn't appear to be an audit either.
What I want to know is - what do these letters mean? Do the revenue know about the rental income and are looking for the returns or are they just concerned that my friend seems to have fallen off the face of the earth since 2012?
The reason I ask is that she is battling with the banks at the moment and any money she has is going towards dealing with her 35k arrears. They have initiated proceedings for a repossession order. She wants to deal with the revenue but financially she cannot do this until she sorts things out with the bank. She cannot afford to pay an accountant to deal with the returns. Ideally she would like to put this on hold for a few months. How urgent is it that she deals with it now?
She fully intends on resolving any issues with the revenue but she's afraid if she responds now explaining the situation they'll start putting her under pressure to sort it out now.
Any advice welcome !
Thanks, as always
NM