I am worried now Sarenco! Ive just rented out my property since the end of January so just trying to get things in order. Read through all the Revenue information. Really helpful thanks. I have registered with the PrTB.I suspect you will have a significant tax liability as things stand unless you regularise your position. You really need to read up on the legal obligations of landlords and the taxation of rental income.
Every extra €100 you take in rent will cost you an absolute max of €51 in tax. From a tax perspective, there's absolutely no reason not to maximize your rental income.Looks like ill be paying a large tax bill if I were to increase the rent. Is this correct?
I am worried now Sarenco! Ive just rented out my property since the end of January so just trying to get things in order. Read through all the Revenue information. Really helpful thanks. I have registered with the PrTB.
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