Hi,
I've just concluded the purchase of a house in Northern Ireland and intend to try and rent it out as I believe there's much scope for house price appreciation in NI. What obligations have I from a taxation point of view? I'm thinking primarily of the rental income I hope to get & further down the line, house price appreciation. Leaving moral issues aside (this is genuinely for my own curiousity), if I didn't advise revenue here in the republic, would they ever know?
PS Rental income based on feedback from estate agents will just cover the repayments.
Moderators....I hope this is posted in the correct forum but if not, please move. Thanks.
I've just concluded the purchase of a house in Northern Ireland and intend to try and rent it out as I believe there's much scope for house price appreciation in NI. What obligations have I from a taxation point of view? I'm thinking primarily of the rental income I hope to get & further down the line, house price appreciation. Leaving moral issues aside (this is genuinely for my own curiousity), if I didn't advise revenue here in the republic, would they ever know?
PS Rental income based on feedback from estate agents will just cover the repayments.
Moderators....I hope this is posted in the correct forum but if not, please move. Thanks.