USC / PRSI calculated on gross or net income?

Discussion in 'Property investment and tenants' rights' started by Overseas123, 22 Dec 2018.

  1. Overseas123

    Overseas123 Registered User

    Posts:
    5
    Hello
    I am a landlord and am calculating my USC / PRSI payments on my net rental income.

    Net rental income being rent income less all reasonable costs (insurance, management charges, repairs, partial interest deduction, etc.). Not including Property Tax.

    I believe I am correct in the above interpretation however I saw in some places that these taxes should be calculated on gross income?

    Thanks

    Eoghan
     
  2. The Horseman

    The Horseman Frequent Poster

    Posts:
    216
    USC etc is based on your gross less allowed expenses. You are required to pay 90% in preliminary tax by end Jan with balance due 14 the Nov.