I
iarmst
Guest
Hi,
This might seem (and probably is!) a stupid question - but do I need to submit a tax return every year on my rental investment?
I have a repayment mortgage, so the rent I receive from the tenants does not cover the mortgage. In fact, I need to top this up by €600 each month. I have an accountant doing my tax return every year, for which he charges €500. Do I need to do a tax return if I so obviously am not making any money. I also do not live in Ireland, as I work and live now in the UK.
Any advice would be much appreciated
iarmst.
This might seem (and probably is!) a stupid question - but do I need to submit a tax return every year on my rental investment?
I have a repayment mortgage, so the rent I receive from the tenants does not cover the mortgage. In fact, I need to top this up by €600 each month. I have an accountant doing my tax return every year, for which he charges €500. Do I need to do a tax return if I so obviously am not making any money. I also do not live in Ireland, as I work and live now in the UK.
Any advice would be much appreciated
iarmst.