And also PRSI from next year? (Not sure of the rate) (2%?).
Except non-resident landlords, who are exempt from PRSI.PRSI is currently 4%
Landlords who have to file a self-assessment tax return (Form 11) already suffer PRSI on their rental income.
I gave my accountant my rent and itemised each of my expenditure for him but now he has said that he wants the date of each expenditure....is this really necessary? I've never been asked this before and it's a bit time consuming to be going through my receipts and bank statements for dates.
No I just give him the list of expenses, he said he doesn't need to see the receipts as long as I verify I have the receipts.
Except non-resident landlords, who are exempt from PRSI.
Seems a bit confusing,surely the simplest thing would be to give him the receipts (they are dated anyway) and get them back after he is finished.Certainly cuts down on all this having to manually itemize items & back and forward nonsense.
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You should be able to carry the loss forward though and use it in future years to reduce your tax liability,QUOTE]
Yes you can carry the loss forward.
Keredez, I advise you to hire an accountant, at least for the first year so that you get things right from the beginning. It won't cost you a lot, and it might save you money, plus it's also tax deductable.
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