If you had rental income from October 2008 of €1500 when you went abroad, and worked as a Paye worker prior to that. In 2009 rental income of €3500 until you returned August 2009 and received unemployement benefit. What is the tax, penalties and interest on that, or how is it calculated.
No PRTB so no mortgage interst relief.
I presume they would be allowed PAYE allowance for 2009.
Wear and tear, how much would a normal 3 bed house for time period 2008 be to furnish. 12.5% of how much basically. I presume it would have to be apportioned in each year. Ditto with any repairs.
Revenue have found out because the tenant was a social welfare tenant. People renting knew this and thought they wouldn't get caught. Revenue are going through the files it seems.
How can one deal with revenue now, by coming clean presumably, any way to reduce the penalties and interest?
No PRTB so no mortgage interst relief.
I presume they would be allowed PAYE allowance for 2009.
Wear and tear, how much would a normal 3 bed house for time period 2008 be to furnish. 12.5% of how much basically. I presume it would have to be apportioned in each year. Ditto with any repairs.
Revenue have found out because the tenant was a social welfare tenant. People renting knew this and thought they wouldn't get caught. Revenue are going through the files it seems.
How can one deal with revenue now, by coming clean presumably, any way to reduce the penalties and interest?