bibiphoque
Registered User
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- 12
My partner and I rented our property in 2013 and I'm now filling in my form 11.
Total rent income: €12000
75% mortgage Interest: €3500
All other expenses: €3000
Total taxable: €5500
As we both own the property, the tax owed is divided between the two of us.
On my side, €2750 will be taxed at 52% (IT+PRSI+USC), declared on my form 11.
For my partner, it's a bit more complicated as she didn't work in 2013. Even though I'm guessing she won't be taxed, this needs to be declared somewhere... Any idea?
Total rent income: €12000
75% mortgage Interest: €3500
All other expenses: €3000
Total taxable: €5500
As we both own the property, the tax owed is divided between the two of us.
On my side, €2750 will be taxed at 52% (IT+PRSI+USC), declared on my form 11.
For my partner, it's a bit more complicated as she didn't work in 2013. Even though I'm guessing she won't be taxed, this needs to be declared somewhere... Any idea?