M
Michael
Guest
Hello, I purchased an Apartment in Jersey at end of February and have just received the first quarterly instalment of the Guaranteed 5% return (rent) for first two years. I will be assesed for Tax in Jersey on the Net Rent in 2005 (after interest offsets etc. ) in early 2006. I pay tax on the Balance of the Net Rent in Ireland.
Q: Do I wait until early 2006 to sort out my Irish Tax liability on the rent for 05 as I will only know the final 2005 Loan Interest paid by then and the Jersey tax or do I have to start paying the tax due here now? Thanks
Q: Do I wait until early 2006 to sort out my Irish Tax liability on the rent for 05 as I will only know the final 2005 Loan Interest paid by then and the Jersey tax or do I have to start paying the tax due here now? Thanks