Ceist Beag
Registered User
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- 1,426
I didn't think this was possible (and was advised so by my accountant) but I have been in a discussion over on boards.ie where a poster states that this is possible and that they have been doing this for years now.
However ... Revenue's opinion is only that, an opinion*
You could argue that if one spouse does all the managing of the property etc and that the couple regard the rental income as that spouse's "pocket money" then the income should be taxed under their name only. However you would need to be very persuasive and maybe be prepared to back your opinion all the way to the Courts to win the argument.
It's more than a tad melodramatic IMHO to suggest that such an arrangement, if it properly reflects the actual circumstances of a property rental, would be so controversial to end up being adjudicated by the courts.
If I receive income from a property, that income is taxable in my hands, not those of the property owner.
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