You will pay income tax on your rental profit at either 20% or 40% whichever rate applies to you. You will pay PRSI at 4% if it applies. You will pay the USC at whatever rate applies to you, most likely the 8% rate.
Does rental income need to pay tax?
Renting out part or all of your home If you rented out part, or all, of your home, the rent money you received is assessable income. This means: you must declare the rental income in your income tax return. you can claim deductions for associated expenses, such as part or all of the interest on your home loan.
How do I declare my rental income in Ireland?
Use Revenue Online Service (ROS) to declare your rental income in your Form 11. More information on completing a Form 11 can be found in Filing your tax return. If you have rental income from a property outside Ireland see the foreign rental income section for more information.
When do non resident landlords have to file their Irish tax returns?
Non-resident landlords living outside of the Republic of Ireland are required to file and pay their income tax returns by October 31 each year. If your net income exceeds €5,000 you will be required to register for self-assessment and declare your rental income by completing a Form 11.
Do you have to pay capital gains tax on rental income in Ireland?
If you have rental income from a property outside Ireland, see the foreign rental income section for more information. If you sell one of your rental properties, you may have to pay Capital Gains Tax (CGT). If you are a non resident landlord you can claim a credit for the tax deducted by your tenant.
What kind of tax return do I need for rental income?
If you earn more than €5,000 in rental income per year you will need to register for income tax and complete Form 11 tax return each year. If your rental income amounts to less than €5,000 per year, you must file a Form 12 each year.
