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Renting a room out in a rented apartment

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    #32
    4ensic15
    Banned (with Prison Access) Posts: 4,691 ✭✭✭4ensic15


    Sleeper12 wrote: »
    To qualify for the rent a room scheme you have to own & live in the property.

    There is no definition of ownership. An apartment owner may have a 500-year lease. Does he "own" the apartment or is he a tenant of the management company and thus can't avail of rent a room?
    When a tenant sublets the only taxable element would be the excess over the rent he has to pay to the superior landlord, which may be nil. If a tenant paying 1k a month gets 500 a month from a licensee there is no profit so the rent a room scheme wouldn't even be relevant.

    From the Revenue website

    "Rent-a-Room Scheme - Where a room (or rooms) in a person’s sole or main residence is (are) let as residential
    accommodation, gross annual rental income, together with any sums received for the provision of meals or other services
    supplied in connection with the letting, may be exempt from income tax where the aggregate amount received in 2017 does
    not exceed €14,000"


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    #33
    degsie
    Registered Users Posts: 8,747 ✭✭✭degsie


    Serves you right...

    https://touch.boards.ie/thread/post/107553104


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    #34
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    Sleeper12 wrote: »
    To qualify for the rent a room scheme you have to own & live in the property.

    no you don't:
    Rent a Room Relief
    What type of residence qualifies?
    Sole or main residence
    Your main residence is your home for most of the year and where friends would expect to find you. You do not have to own the property to claim relief.

    Source Revenue.ie - Rent a Room Relief


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    #35
    Ginger83
    Registered Users Posts: 3,511 ✭✭✭Ginger83


    degsie wrote: »
    Serves you right...

    https://touch.boards.ie/thread/post/107553104

    Wow a fine example of a person not vetted by a LL.


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    #36
    the_syco
    Registered Users Posts: 37,300 ✭✭✭✭the_syco


    degsie wrote: »
    Serves you right...

    https://touch.boards.ie/thread/post/107553104
    Lovely.

    I wonder, should he try to evict her, if she'll threaten his landlord over illegal eviction? Assuming they didn't tell the licensee that they are a licensee...


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    #37
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    This thread is Gas . Again we have the how can I get away with it ,get one over the landlord. This carry on is just the tip of what tenants get up to, but on here we have the replys its ok.


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