HI,
We rented out a property in Jan 2008 but forgot to switch the TRS over to our ppr. We started the process late last year and it has now finally been done. We just received a letter from revenue looking for €3k overpayment on TRS at that property which is to be expected. I now need to switch over and claim TRS back on our ppr for that year. I dont know whether we will still owe revenue or if they'll owe us but either is fine as its expected.
My question is they told me to complete a TRS1P form. Forgive my ignorance on this but is the address on this form our current ppr or the investment property? I think its our ppr but want to make sure I do this right. I had to hang up while waiting on revenue to answer to clarify as I'm in work.
Would really appreciate if someone could tell me?
Thanks
We rented out a property in Jan 2008 but forgot to switch the TRS over to our ppr. We started the process late last year and it has now finally been done. We just received a letter from revenue looking for €3k overpayment on TRS at that property which is to be expected. I now need to switch over and claim TRS back on our ppr for that year. I dont know whether we will still owe revenue or if they'll owe us but either is fine as its expected.
My question is they told me to complete a TRS1P form. Forgive my ignorance on this but is the address on this form our current ppr or the investment property? I think its our ppr but want to make sure I do this right. I had to hang up while waiting on revenue to answer to clarify as I'm in work.
Would really appreciate if someone could tell me?
Thanks