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Rent a Room Scheme & Rent allowance

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  • 09-10-2010 6:28pm
    #1
    SQ80
    Registered Users Posts: 14 ✭


    Hi all, need a bit of info.

    Ive decided I need to rent a room in my own apartment, so it would be under the rent a room scheme. A prospective tenant is looking to partly pay with rent allowance. How will this work? Do i need to register with PRTB? Or just complete the form at the end of year declaring income?

    Any help/advice welcome!


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    #2
    ricman
    Closed Accounts Posts: 1,559 ✭✭✭ricman


    NO NEED to register with the prtb,theres a section on the form,state i,m renting under the rent a room scheme,rent recieved =x amount,the first 10k is tax free ,if rent is more than ten k per year, you, r taxed at the standard rate.
    SEE www.revenue.ie search rent a room scheme.
    you need to get a tax form ,ie you need to declare the income,even though its unlikely you,d be liable for any tax.and you need to fill in a form for the welfare officer, its part of the tenants ra application,ie theres a section for landlord ,to be completed by landlord.


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    #3
    SQ80
    Registered Users Posts: 14 ✭SQ80


    Thanks ricman, appreciate the reply. I know there are other threads with this question but i was getting very confused! Seems fairly straightforward then


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