VulpusVulpus
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I am non-resident, with a rental property in Ireland. RTB registered. Much (approx 80%) of the tenant's rent is paid by HAP, who withhold and remit tax at 20%. As for the tenant's part of the rent, since I am non-resident, either I should have an agent who collects the rent on my behalf and remits 20% to Revenue, or the tenant is supposed to withhold the tax and declare and remit it to Revenue. This is documented here https://www.revenue.ie/en/property/rental-income/non-resident-landlords/index.aspx
The tenant pays their rent to me directly and I pay tax to Revenue after making my annual tax declaration. This has been the case for a long time. In fact, since the rent is relatively low due to being in an RPZ, after costs I usually don't have much extra tax to pay on top of what HAP has withheld. If I DID have an agent withholding tax or the tenant did likewise, I would be overpaid every year and have to claim it back.
My accountant has suggested not to worry about it, I pay my tax, and that's that. That seems to be echoed in some related posts here - Revenue don't chase this - see below.
MY QUESTION IS: What would happen if I asked the tenant to withhold the tax, but they did not do the relevant declarations to Revenue and did not remit the 20%. They are a bit of a chancer, so I see a likliehood of this. Would that leave me with a problem claiming back the theoretically overpaid tax?
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Other threads on this topic but they don't answer this question directly.
The tenant pays their rent to me directly and I pay tax to Revenue after making my annual tax declaration. This has been the case for a long time. In fact, since the rent is relatively low due to being in an RPZ, after costs I usually don't have much extra tax to pay on top of what HAP has withheld. If I DID have an agent withholding tax or the tenant did likewise, I would be overpaid every year and have to claim it back.
My accountant has suggested not to worry about it, I pay my tax, and that's that. That seems to be echoed in some related posts here - Revenue don't chase this - see below.
MY QUESTION IS: What would happen if I asked the tenant to withhold the tax, but they did not do the relevant declarations to Revenue and did not remit the 20%. They are a bit of a chancer, so I see a likliehood of this. Would that leave me with a problem claiming back the theoretically overpaid tax?
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Other threads on this topic but they don't answer this question directly.
What if tenant doesnt deduct tax for Non Resident Landlord?
Hi All, As a non resident landlord your tenant is supposed to deduct 20% tax from rents paid every month. What if the tenant doesnt deduct this tax??
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Non-Resident Landlord / Tax arrangements
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...
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Non-Resident Landlord Tax
Hi All, I am a tenant in a rental property and my landlord lives in mainland Europe. I have lived in the property for a few years and he had previous tenants living here before me. I only recently learned that as a tenant, I must deduct 20% of the total rent and pay it to Revenue. Obviously...
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Rental Payments made DIRECTLY to Non Resident Landlords
There is a new system for submitting tax deducted from DIRECT payments to Non- Resident Landlords. This is automating an existing obligation that a TENANT (or collection agent) already has...
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