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Rent allowance & tax questions

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  • 12-02-2009 10:04pm
    #1
    violator13
    Registered Users Posts: 274 ✭✭


    Hi - i'm just looking for a litte advice.

    I'm renting out my house for the first time and renting out a house closer to dublin (and my job!). The rent is 600pm which is 7,200per year. I know under the rent a room scheme you can get up 10,000 per year before you are affected by tax. I will be still contributing to the morgtage as the rent i recieve wont cover it, as well as paying my own rent elsewhere. I have a woman interested in renting it who recieves rent allowance
    1. can anyone tell me how much i'm taxed as if i sign up offically as a landlord? i know that i lose my TRS(which i cant afford too if i also get taxed)
    2. if i rent it out under the rent a room scheme can the tennant still pay me via rent allowance?
    thanks


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    #2
    jimmycrackcorm
    Registered Users Posts: 14,339 ✭✭✭✭jimmycrackcorm


    For the rent-a-room scheme you need to be actually living in the house.


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    #3
    sweetie
    Registered Users Posts: 9,791 ✭✭✭sweetie


    surely if the OP keeps a room for themself in the house (for weekends etc.) and the bills in their name theyare effectively renting a room out and would be ok?


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