B
Hi
A family member moved abroad in Jan 2009 and has been renting his house out since the middle of 2008. The tenant has not withheld 20% of the rent. He would rather avoid causing hassle for the tenant so has asked me to act as agent. As I understand I receive the rent (100%) and can pass this full rental over to him but I file a tax return under self assessment rules for the rental income.
My question is, do I essentially file the tax return as if it was my rental property? As he is currently still ordinarily resident in Ireland he will be filing a tax return himself on his worldwide earnings but I am assuming he would not include the rental income on his return in that instance?
Also, can I only be nominated as agent from the time the tenant starts paying the rent into my bank account or can I assume I’ve been agent for 2010?
Thanks
Once you are nominated as a collection agent (ie your family member registers you as such with Revenue) a separate PPS number will be issued to them.
It is ultimately this person's responsibility to file returns under that number. You will only become accountable for same in the event that they neglect their responsibilities by failing to file a return or failing to pay tax bills.
Once you are nominated as a collection agent (ie your family member registers you as such with Revenue) a separate PPS number will be issued to them.
I am planning to register my mother as my collection agent. I already have a PPS number - will i [we] be issued another new one when I register her?
many thanks
paddytt
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