However can I jump back to my 2004 situation. I started renting out my appt in July (6mts for 04) and recieved €5160 in rent - this is under the rent a room limit by €2460. Can I now in theory back date a rental increase for 04 to maximise my RaRS limit i.e €7620. Hence I don't know my tennants as much overall. I would owe them €1350 for 05 and they owe me €1230 for 04. Balance I owe them is €120ea. Is this possible. ANain I ran this by Revenue and the "advise" I got would be that this is ok. All that would appear on my return for 04 is €7620 and the same for 05. Should I ask revenue for this in writing or get an accountants or tax advisors advice.
Thats putting it mildly!This looks a rocky road to go.
.............i'm now clear that I can write a cheque for €2700 (€1350 each to my two tennants) giving back rent for 05 to bring me under the rent a room limit of €7620 and hence have no tax liability only to declare the €7620 on my tax return. I will also keep the cheque as proof that I've paid it if revenue ask for it or carried out an audit or even if the tennants applied for rent relief.
It's becoming increasingly obvious that Revenue customer service staff need more training. I know we shouldn't look to them for financial advice but information on their own service is a different matter. If I rang any service provider for information I'd expect them to know their business inside out.
Unfortunately, from experience, in some cases they don't even manage that. But I agree with you on the general gist of your post.It is impossible for the Revenue to provide meaningful telephone support to the public on all except the most basic of tax issues.
For 05 my tax liability is €10320 x 42% = €4334.4
It would probably be better for everyone concerned if Revenue refused point blank to deal with queries from the public and simply referred callers to publications on their website. Whether this would be politically acceptable is open to question.
I'm failing to see any difference with the current system to be honestAfter all, if staff in Revenue can't explain their publications, how can we expect the general public to understand?
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