I don't understand - why do you want to give them cash rather than let them claim relief from Revenue? Why do you want to foot the bill by paying them in lieu of the tax relief that they would otherwise claim from Revenue?dieter1 said:We have been away for a while and have had tenants in our apartment. They are looking for rent relief and the usual details from us. I have said that I would give them the cash instead of going through the revenue
How do you consider this a tax break for you? How do you mean that you pay so much (tax?)?(a tax break in my opinion since i pay so much).
Rent relief rates are outlined [broken link removed].Does anyone have any idea how much they would be entitled to after six months. Their salaries are around the 30k mark each (if that matters). I have been told that relief is a maximum of 300 euro a year. But someone else said 200. Could anyone point me in the right direction. Couldnt find anything on daft or the revenue sites (but I have a slow connection and its difficult to find!)
Are you sure that the first time buyers grant needs to be returned in this situation? Of more significance might be the fact that you are most likely liable for a clawback of stamp duty on the basis that you seemingly bought as an owner occupier but then rented the property within five years of purchase. Unless you have paid this already you still owe the difference between what you paid in stamp duty on the original purchase (possibly nothing) and what an investor would have paid.dieter1 said:We got a first time buyers grant for the property. Should we rent it within the first 5 years, we could have to pay back some of this. We rented it within the first five years.
CCOVICH said:If you give them cash, they could still go and claim rent relief. You are obliged to give them the necessary details to allow them to claim relief, and if you don't, they can go to the Revenue and make a claim anyway, who will then attempt to get the details off you.
Is it really worth the hassle?
CPAMG said:They don't even need you PPS number either to claim. Just the address of the property and the landlords name.
Janet said:Yes, but they will still process it even if you don't have the PPS number.
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