How much tax will I pay on my Irish rental property when I move overseas?

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 98%

Property-Clinic News

Property Property Latest News,Property Property Headlines

Property Clinic: And how will tax be deducted from the rental income I receive?

Income from renting out a property in Ireland as a non-resident landlord is taxable in Ireland and must be declared to revenueI currently own two properties, one of which is my primary place of residence. Due to family commitments, I am going to have to relocate outside of the European Union.

Income from renting out a property in Ireland as a non-resident landlord is taxable in Ireland and must be declared to Revenue. Payment into a bank account in the landlord’s name is treated as payment directly to the non-resident landlord, even if the bank account is within Ireland.Four-bed Tudor-style home with views over Killiney bay for €1.075mOn July 1st, 2023, a new non-resident landlord withholding tax system came into operation.

They must submit the rental notification and pay the accompanying tax withheld to Revenue within 21 days of making the rental payment to the non-resident landlord. The rental income may fall into the lower or higher income tax bracket. Rental income is added to a person’s total Irish income for the year from all sources.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ERROR

Property Property Latest News, Property Property Headlines