Rental Income 101: Helpful Tips for Calculating Taxes on Irish Rental Income
The 2016 Census revealed that almost half a million Irish households are now rental properties, a marked increase on the 2011 figure.
When commercial rental property is added to the mix, it becomes obvious that the rental sector is a booming one. With demand for property at unprecedented levels, more and more people enter the market as landlords every day.
If you’re new to the business, you might have questions about how to report the tax on your rental income. Like other tax obligations, this can get quite complex.
Read on as we look at the rules and requirements in relation to the taxation of rental income in Ireland.