My brother owns two rental properties. He recently lost his job and has decided to emigrate. I have agreed to manage his rental properties while he is abroad.
Since he will soon be a non-resident landlord, I believe it will be a legal requirement that his tenants only pay him 65% of the rent and that they must send in the other 35% direct to the Revenue.
Does anybody know if there is a way of avoiding this requirement ? For example, if he were to appoint a Fiscal Representative in Ireland (this works in other countries). In the UK a non-resident landlord can avail of the "Non-Resident Landlord Scheme" whereby the Inland Revenue may give approval for payment of rent in full, without deduction.
Is there an Irish equivalent?
Since he will soon be a non-resident landlord, I believe it will be a legal requirement that his tenants only pay him 65% of the rent and that they must send in the other 35% direct to the Revenue.
Does anybody know if there is a way of avoiding this requirement ? For example, if he were to appoint a Fiscal Representative in Ireland (this works in other countries). In the UK a non-resident landlord can avail of the "Non-Resident Landlord Scheme" whereby the Inland Revenue may give approval for payment of rent in full, without deduction.
Is there an Irish equivalent?