Hi, your first response to my post will be that I am an idiot, but I need help.
In 2008, my wife and I moved from Ireland, but we retained an apartment which we let out.
Immediately, the mortgage went from staff rate to SVR and it has been tough making payments.
My only thought has been to make the mortgage payments.
I made a tax return via an accountant in 2009 to cover me for 2008, but have not done anything since.
I haven't paid LPT since it was implemented, I missed some years of NPPR and paid others, I have been receiving €150 in Revenue Tax Credit per month which I suspect I am not entitled to, plus Revenue think they overpaid my rebate by €4k in 2009 and asked for it back all those years ago.
I have just about kept my head above water, between paying the mortgage, repairs, property management and letting agent.
I received a solicitor's letter on behalf of Revenue recently, asking for €6k for unpaid income tax and LPT.
My tenants are moving out in September and I should see an increase in rental income of €150 - €200 per month. This should cover mortgage and property management, leaving me to put the money I had been topping up into trying to put everything right.
Does anyone have any idea how I can begin to sort this mess out, and is €150 per month going to be enough to sort it?
In 2008, my wife and I moved from Ireland, but we retained an apartment which we let out.
Immediately, the mortgage went from staff rate to SVR and it has been tough making payments.
My only thought has been to make the mortgage payments.
I made a tax return via an accountant in 2009 to cover me for 2008, but have not done anything since.
I haven't paid LPT since it was implemented, I missed some years of NPPR and paid others, I have been receiving €150 in Revenue Tax Credit per month which I suspect I am not entitled to, plus Revenue think they overpaid my rebate by €4k in 2009 and asked for it back all those years ago.
I have just about kept my head above water, between paying the mortgage, repairs, property management and letting agent.
I received a solicitor's letter on behalf of Revenue recently, asking for €6k for unpaid income tax and LPT.
My tenants are moving out in September and I should see an increase in rental income of €150 - €200 per month. This should cover mortgage and property management, leaving me to put the money I had been topping up into trying to put everything right.
Does anyone have any idea how I can begin to sort this mess out, and is €150 per month going to be enough to sort it?