That way you dont have to change your mortgage and can earn up to €10000 a year tax free from the remaining rooms.
If you don't live there and are renting an apartment elsewhere then its no longer your primary residence and therefore does not qualify under the rent a room scheme.
Unrelated to the topic of this thread but is that a bunch of spam messages at the bottom of your blog post?!?Apologies I hadn't noticed that you'd posted a fresh question. Here's an old blog post that I wrote on this topic. https://mcgibney.ie/2010/06/25/ivor-callelys-principal-private-residence-dilemma/
This wouldn't qualify for rent a room relief as a self contained unit.Apologies if I am opening an old thread but it seems to be the most appropriate to my question.
Looking at buying a house with a granny flat on it.
Does income from granny flat fall within the 12k rent a room scheme?
Or is it viewed as an apartment and subject to tax etc.?
Would have its own entrance.
Apologies if I am opening an old thread but it seems to be the most appropriate to my question.
Looking at buying a house with a granny flat on it.
Does income from granny flat fall within the 12k rent a room scheme?
Or is it viewed as an apartment and subject to tax etc.?
Would have its own entrance.
Well, somebody would want to pull these smarty auctioneers up on it then.
Cos they are all offering granny flats as selling points saying that there is potential for income.
Along with Rob's comments above, the planning stipulations on such granny flats generally explicitly forbid letting them out and state they are only ever to be occupied by direct family members.
The proposed ancillary family accommodation shall be incidental to the enjoyment of the principal dwelling on site. It shall not be separated from the principal dwelling by lease or sale. Once the accommodation is no longer required for ancillary accommodation purposes, it shall revert back to being part of the original family house. Reason: In the interests of the proper planning and development of the area.
For clarity, here's the Dublin City Condition (Code C510) that is attached to all grants of permission for granny flats, or ancillary family accommodation as they are now calling them:
4.2 Self-contained unit
It is not possible to let an entire residence because the room or rooms that are let must form part of the residence and the residence must be occupied by the individual receiving the rent as his/her sole or main residence. The room or rooms can comprise a self-contained unit within the residence such as a basement flat or a converted garage attached to the residence. However, a self-contained unit that is adjacent to the residence but not actually attached to it cannot qualify for the relief.
For clarity, here's the Dublin City Condition (Code C510) that is attached to all grants of permission for granny flats, or ancillary family accommodation as they are now calling them:
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