I forgot to include the NPPR charge as an expense.
As this is your only income in Ireland, can you claim the usual tax free allowance for income? ie tax free up to approx 7k..
That would seem logical to me.You must be deemed resident for tax purposes to avail of personal credits.
Mammysboy,
You will be subject to tax at 20% on your rental income. PRSI may also be due but if you can prove the Revenue that you are paying Social Insurance in another country they will waive this.
depends on what your total income from everything is
for a single person
€36,400 @ 20%, Balance @ 41%-- so if you have a paye employment with gross of 36400 or more , any additional income rent or otherwise is taxed at 41%
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