1st time preliminary tax

[JoeRoberts]

My 2025 rental income will exceed 5k for the first time. My paye tax credits already are adjusted for estimated rental profits of 4.8k so I have already paid a good portion of 2025 rental tax via paye.
How does this interact with preliminery tax using paye anytime ? Would I be ok to adjust the estimated income and let the credits be adjusted again ?

 

[ClubMan]

My 2025 rental income will exceed 5k for the first time.

What is preliminary tax?

This page utlines what preliminary tax is.

www.revenue.ie

Preliminary tax in your first year​

A payment of preliminary tax may not be required for the first year you are a self-assessed taxpayer. In the first year you are in the self-assessment system, you can choose either:

• preliminary tax of 100% of the previous year's liability. Generally, you will not have to pay preliminary tax with this choice. This is because, in your first year your previous year’s liability would normally be ‘nil’.
• or
• pay preliminary tax of 90% of your tax due for the current tax year. This will reduce the amount of tax you need to pay in the subsequent year.

 

[JoeRoberts]

I had read that in the context of a startup business.

So although I had a liabiliy last year, because it was under 5k it is considered nil for preliminery tax purposes ?