TRS Help needed!

I

Imprefect

Registered User
Messages
3
Hi all.. just got a letter from Revenue in Limerick saying it has come to their attention that a property I own is no longer my PPR and have requested a form to be filled out and sent back to them...Heres my story

Bought a house in 2006
Lived here till 2010
Bought another home as PPR and rented out 1st one
TRS still being applied to rented property
No TRS on 2nd property

I'll obviously owe them for the years 2010-15

but will it be possible to claim back TRS on my newer home from 2010 -15 to offset this bill to a certain extent?

Thanks in advance :)
 
The fact is this: you are only a first time buyer for 7 years for TRS.. as the house was rented and you bought another house. You not entitled to TRS for the dates after you moved out.

If you've since married you only get 30% relief on €20,000 from 2005-2013 and in 2014-2017 you get 30% on €6,000.
 
Eh .. ok ... but that doesnt answer the question as to whether or not i can claim back on my new PPR after 2010 ... does TRS continue after the 7 years?... i am of the understanding that it does for 2nd time buyers at 15% .... correct me if i am wrong.
P.S .. I was married when we bought the first house.
 
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