The letter from revenue is dated 29th of May so if I were to respond within the 14day period requested that only leaves me till next Wednesday the 12th of May to sort this out. That’s only 6 working days. And as of yet I have no accountant to help me with this. Are you sure I can’t twist your arm on this T McGibney??
You don't need a tax consultatant, just a competant accountant who knows how to do tax returns for landlord and knows how to deal professionally with revenue. A lot of people don't need an accountant but you certainly do.
Firstly you've to stop stessing about the time limits. You need to take things easy and one step at a time. Because of your condition here's my best shot at the steps you have to take
1. Backdate PRTB registration - priority no 1.
2. Forget about the NPPR for now
3. None of this will affect your maternity benefits, you're entitled to them and that's something not to worry about.
4. Calculate all rent back to Nov 2009
5. Cancel TRS with revenue
6. Write a letter to revenue, explain you are pregnant and request an extension of 2 months. This shouldn't be a problem.
7. Buy a binder, put all receipts into it, per year. Go back through your bank accounts and cheque book and see what you purchased for the property.
Excellent advice all round.
Well she is 36 weeks gone. I'm still working on it, did I forget anything? Tommy I'm afraid to mention stamp duty clawback. What's the rule for renting in 2009 if you purchased in 2007?
write to the Revenue stating that you will be making a qualifying disclosure and you are therefore seeking an additional 60 days to respond to them.
That's excellent advice Nige. Poppie you should write that in your letter requesting an extension. In basic terms what it means is that you are going to 'come clean' declare everything, and by stating this 'qualifying disclosure' clause it means that they you will avoid some penalties - though we don't know yet if you own much or any tax.
The OP should not inform Revenue of intention to make a qualifying disclosure without first understanding, via a professional advisor, exactly what a qualifying disclosure entails.
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