Own house but rent elswhere. Do I need to pay NPPR?

L

Listen67

Guest
Hi all,

I was recently made redundant and had ro relocate to Athlone to gain employment. Subsequently we could not sell our house in Cork and so are renting it out. We ourselves are living in rented accomodation.

So, is it still the case that we have to pay the NPPR tax? Is this still considered a Non Principal Private Residential property?

We only own one property!
Thanks for your replies

Steve
 
It wouldn't be your PPR anymore, regardless of whether you rent or own your current residence.
When did you move out? If it was before 31 March then you owe the charge for this year by the end of this month. If it was after that, then you are ok until next year.
https://www.nppr.ie/
 
Person A
Pays 1200 per month in mortgage. Lives in own home close to work.

Person B
Pays 1200 per month in mortgage. Lives in rented home close to work (cost 1200 p.m.), and lets out his own house (cost 1200 p.m.) because not convenient for work. Cashwise he is in the same position as Person A - or so he thinks.

Person B is penalised for his flexibility to move where the jobs are:
- Needs to pay income tax on the rent he receives on his own home (which is not offset by the rent relief he receives on where he rents).
- Also needs to be NPPR and PRTB charges (in addition to all other expenses).

How is this fair?
 
lazing said:
Person A
Pays 1200 per month in mortgage. Lives in own home close to work.

Person B
Pays 1200 per month in mortgage. Lives in rented home close to work (cost 1200 p.m.), and lets out his own house (cost 1200 p.m.) because not convenient for work. Cashwise he is in the same position as Person A - or so he thinks.

Person B is penalised for his flexibility to move where the jobs are:
- Needs to pay income tax on the rent he receives on his own home (which is not offset by the rent relief he receives on where he rents).
- Also needs to be NPPR and PRTB charges (in addition to all other expenses).

How is this fair?
Click to expand...

That's fairly off-topic, the point for the OP is that yes the NPPR is due.
 
Yes, it looks like I will have to pay it. And no, it is not fair at all.
I may give the local authority a call to see if they have an exception for these circumstances.
 
It's fair because Person B's interest in propety is purely speculative. The NPPR is a tax on properties that aren't the relevant taxpayer's home.

Person B is free to sell his or her property. However, in the event that the property's in negative equity and Person B is required to relocate for work purposes, some kind of concessionary treatment should be introduced (i.e. no 75% interest restriction, no NPPR charge etc). This is all discussed in greater detail in the relevant "facilitate reluctant landlords" thread(s).
 
Listen67 said:
Yes, it looks like I will have to pay it. And no, it is not fair at all.
I may give the local authority a call to see if they have an exception for these circumstances.
Click to expand...

How is it not fair? Everyone in your position has to pay it.
 
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