Timing/procedure of tax return on investment property

M

Mammysboy

Registered User
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66
Hi,

I am non-resident. I rented my PPR in Jan 09. I left Ireland in Jan 09 and my only earnings in Ireland in 09 are from the rental income.

The property is registered with PTRB, my father is the nominated tax agent. The property is managed by a letting agent.

Can someone advise on the procedure (and in particular) the timing when I need to do a tax return, specifically do I need to do something in Oct 09 or can I do it Oct 10 assuming the my circumstances above do not change?

Many thanks in advance for any replies.

Regards,
MB
 
Not sure on the non-resident angle but if you were Irish resident and first rented out your home (Jan 2009) then your tax return on this income is due by 31st October 2010 (or about two weeks later if doing it online).

I'd imagine it is the same for non-residents but can't confirm.
 
Thanks.

Reading this (http://www.revenue.ie/en/tax/it/leaflets/it10.html) it would appear that I don't have do anything until Oct 2010 as it's my first time year.

Anyone know then if in Oct 2010, I need to do both a tax return for 2009 earnings and a payment of preliminary payment for 2010?
When and how do I pay my Preliminary Tax?

Preliminary Tax must be paid on or before the 31 October every year with the exception of your first year in the Self-Assessment system. You can pay your Preliminary Tax as follows:

  • you can have the amount specified deducted directly from your bank account by completing the Single Debit Authority on the payslip,
  • you can pay your Preliminary Tax through the Revenue On-Line Service (ROS),
  • you can pay your tax through Bank Giro, therefore making the payment through any bank,
  • you can pay it by Direct Debit.
 
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