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Yes. Professional tax advice would be your friend here. And now is the time to obtain pre taking any action

You can't use employment tax credit to offset the rental income. If you have 2k of employment you'd only be entitled to a reduced employment tax credit. Not the full 1650

No. I'm guessing the extra 1650 you're referring to is the employment tax credit. You're not entitled to this if no employment income

Prediction season has begun. Interested to hear people's thoughts on this.

It sounds to me from what was said previous that it would be the father's investment property if we are really being honest with the daughter as legal owner as it suits us better for tax purposes. I'm not saying Revenue would bring the case against you or that they would win. I'm just saying...

I have a concern. I think Revenue could say you would be the real beneficial owner of the property albeit that you would put your daughters name forward as legal owner for the purposes of amongst other things avoiding tax. Revenue has the power under the general anti tax avoidance rules where...

The first 8250 for income tax purposes would be covered by the single person tax credit. The balance of 1750 would be subject to income tax at 20%. Prsi of 4% payable on the full 10k. Shouldn't be any usc as below the threshold.

The BIK point is a non issue as no income tax consequences when relationship isn't an employer employee relationship. What would be an issue is the annual benefit foregone by the parents as a result of the loan i.e. the interest income the parents could have earned by putting the funds on...