Does a non-resident landlord complete their foreign income details on their tax return?
This is not strictly true. An Irish citizen (or en EU citizen) who is non-resident in Ireland but who has rental income in Ireland can claim a portion of their tax credits in Ireland. The portion the person can is that portion of their total worldwide income that is derived in Ireland.No, foreign income will be taxed in your country of residency and is not relevant to your income tax return in Ireland for rental properties in Ireland.
If no agent present then yes, the tenant should be deducting 20%, forwarding it to Revenue and furnishing the landlord with a completed R185. In practice tenants want nothing whatsoever to do with this, even though they are liable for the tax (but not chargeable, stupid system IMO).Should the rent not have been paid minus the 20% deduction to Revenue? Or did you appoint an agent resident in Ireland to manage and receive the rent?
See my other reply. You should include worldwide income for the purposes of getting an apportioned tax credit where due, but USC is only due on Irish sourced income, so the foreign income is ignored when calculating USC (and all the other taxes due).As my question is relevant, I'll add it to this thread.
Does a non-resident landlord complete their foreign income details on their tax return?
If not, and their gross rent falls under the threshold for USC, I assume USC is not payable?
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I would have thought so but I don't know. If you had medical expenses on holiday in Spain you'd surely be able to include them so I don't see any difference but perhaps an expert could clarify.I have had medical expenses in my 'new' home country. As I was still a PAYE employee, can I included these up to the end of November?
Edit: Just to clarify...were you on a secondment or posted abroad by your Irish employer and continuing to pay PAYE in Ireland before transferring permanently to the new county and entering their tax system?
Sorry, don't know for sure. By the way, I thought the system allowed EU citizens to transfer their benefits to their new country only for up to 3 months?
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This is not strictly true. An Irish citizen (or en EU citizen) who is non-resident in Ireland but who has rental income in Ireland can claim a portion of their tax credits in Ireland. The portion the person can is that portion of their total worldwide income that is derived in Ireland.
I do this myself after being advised by Revenue (in writing) that this was an option. (See Section 1032 Taxes Consolidation Act 1997). So the foreign income is needed on the tax return to calculate the percentage of credits and reliefs due on the Irish income.
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This is amazing, I've never heard of this. Any chance you could scan the letter (without any personal details)? I want to discuss this with my accountant.
but it is really only of use if you are earning little or nothing in the country where you now live.A non-resident is not due any tax credits or reliefs except as provided for in S. 1032(2). If you wish to claim a portion of the allowances/reliefs under S.1032(2) state the amount of your: Income chargeable in the State €
World Income(includes income chargeable in the state)
...or if you have "decent" rental income from Ireland that compares well with the income derived in the foreign state. In any case, better a few quid in my pocket than Revenue's. If I'm going to include postage and telephone calls you can be damn sure I'm going to claim all my apportioned tax credits, no matter how large or small they are.but it is really only of use if you are earning little or nothing in the country where you now live.
but it is really only of use if you are earning little or nothing in the country where you now live.
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