Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.

https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Rent Query

Auvers · 2009-02-08 18:02:02

Anybody know the rough amount I would have to pay in tax if I rented a house out for 650 eur a month for a year?

08-02-2009 07:02PM

#1

Auvers

Closed Accounts Posts: 2,987 ✭✭✭

Join Date: February 2005

Posts: 2815

Anybody know the rough amount I would have to pay in tax if I rented a house out for 650 eur a month for a year?

0

Comments

#2 08-02-2009 07:05PM

tba

Registered Users, Registered Users 2 Posts: 5,111 ✭✭✭

Join Date: September 2003

Posts: 4866

its complicated you can claim for expenses too, some info for you.

http://209.85.129.132/search?q=cache:jWoc-rxKcAMJ:www.revenue.ie/en/tax/it/leaflets/it70.pdf

0
#3 09-02-2009 02:43PM

pigeonbutler

Registered Users, Registered Users 2 Posts: 666 ✭✭✭

Join Date: November 2003

Posts: 616

Assuming that you earn enough to pay tax at the top rate and don't have any deductible expenses you could be look at €3,198 in income tax (41%), about €150 in health levy (assuming you're over the PRSI threshold) and an additional 1, 2 or 3% income levy depending on your total income.

As the first reply said, it's complicated and depends on a lot of factors. If you live in the house it would be totally exempt under the rent-a-room scheme.

0