Form 11 - Foreign Rental Income

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Prezes

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I am currently filling my first tax return and wanted to clarify some things around the foreign rental income I have. The property is in Poland (EU) - I am Polish citizen but have been working in Ireland for 10+ years so Irish resident for tax purposes.

I assumed that I pay the tax on rental income in Poland since the property is based there. Reading up on it now (including some posts on this forum) I understand that I was wrong... So now I have to declare that on my Form 11 (2015 was actually the first year I let that property). Some questions about that:

- is any rental income (minus expenses) considered as PAYE income for tax? Is both PAYE and USC apply to it?
- I have already paid tax in Poland for 2015 (and started paying for 2016...) - can that be deducted from any outstanding tax I owe Irish revenue for this?
- I didnt make any expense deductions in Poland when paying tax - does that mean I can make any allowable deductions here when doing tax return?
- should I actually stop paying tax in Poland for this and just sort it out with revenue going forward?

And most importantly, any figures I will be operating on are in different currency (Polish Zloty - PLN). I have seen a table with exchange rates for 2015 on revenue website but there is no PLN on it? I also saw an exchange table for "Customs" on their website and PLN is on it, but there is a table for each month in 2015 - which one should I use?

Thanks in advance.
 
Joe, thanks a lot for your reply.

When I was looking into that before I was confused by the term "domiciled". I assumed that since I have been living in Ireland for 10+ years I am actually considered to be domiciled. Given that I am actually planning to go back to Poland at some stage (thats why I bought the property in the first place) I suppose you could say I am non-domiciled resident - is that something Revenue can question tho?

Also, if you wouldnt mind confirming for me, If I tick the box that I am non-dom resident on Form 11, then I just need to fill our rental income/tax details section and thats it, I should not include that in any further tax calculations?

Thanks in advance.
 
Prezes said:
Also, if you wouldnt mind confirming for me, If I tick the box that I am non-dom resident on Form 11, then I just need to fill our rental income/tax details section and thats it, I should not include that in any further tax calculations?
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I have the same question as Prezes. Does he even have to fill out the foreign rental income in this case if it was not remitted?
 
StJames said:
I have the same question as Prezes. Does he even have to fill out the foreign rental income in this case if it was not remitted?
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You don't need to resurrect multiple threads. Your question has already been answered the first time you asked:

Non-domiciled with foreign rental income

Hi. Me and my wife have just moved here. I understand we become residents but remain non-domiciled. We have a property which will be rented and we will pay tax in our country (EU) for the income it generates. Do we have to pay tax in Ireland for that money?
www.askaboutmoney.com
 
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