Daddy Ireland
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Only income is rental income of approx 8k.
What taxation is due on this ?
What taxation is due on this ?
Prsi, USC are you in receipt of any means tested state support. If so rental income will affect your means.Only income is rental income of approx 8k.
What taxation is due on this ?
Property owned by an adult child who's a full time student.If you have no other income is there a reason you are not claiming welfare?
You'll have Class K PRSI @4% - because it's 'unearned' income I don't believe there's a threshold. Note, class K doesn't provide any social insurance benefits.
Because total income is under 13,000 you should be exempt from USC.
Unearned income over 5k, with no other income. I'm almost certain it's class K, but it's a while since I looked at it.Class K PRSI is for Public Service Holders - I don't think this applies