ARE YOU A NON-RESIDENT LANDLORD RENTING PROPERTY IN IRELAND?
ARE YOU AWARE OF YOUR OBLIGATIONS UNDER IRISH TAX LEGISLATION?
WHAT ARE THE REGULATIONS?
If you are a non-resident landlord you have two options regarding how you pay tax on your Irish rental income. These are now the only options available to non-resident landlords to comply with Irish Revenue legislation.
Deduct 20%
Ask your tenant to deduct 20% of the gross rent and remit this to Revenue, you will need to complete a Form R185
Collection Agent
Appoint a “Collection Agent” who is registered with Revenue
WHAT SHOULD I DO?
Relying on a tenant to pay your tax for you is not, in our opinion, a realistic option. The potential for you to be left with a tax liability which you understood the tenant had been paying is far too great.
You can appoint an Irish Resident Collection Agent who can be either a friend or family member, however this friend or family member needs to understand that this is a responsible position as they will be answerable to the Irish Revenue.
The only realistic option is to appoint a Tax Agent or other professional to act as your Collection Agent. This will ensure that you are utilising the services of a professional to engage with Revenue on your behalf.
WHY USE NLCA?
First and foremost Non-Resident Landlord Collection Agent Limited (NLCA) are tax professionals, with a combined 60+ years experience in making tax returns to Revenue on our clients behalf.
We are linked to N O’Carroll & Co. Chartered Accountants.
Many Estate Agents are not familiar with making returns to Revenue and consequently will need to engage the services of a tax agent/accountant.
CONTACT US FOR AN INITIAL CONSULTATION
