I just found out.. (1 Viewer)

[Kastrosama]

I just found out that everyone or just about everyone in private rented accommodation is entitled to tax relief,
basically you get back 12% of what you payed that year.

afaik you can date it back to 2002..
heres the form
http://www.revenue.ie/forms/rent1.pdf

fill in the details and post it to your local revenue office.
i think its one form per year, if not someone please correct me.

 

[7 - No tomorrow]

I just found out that everyone or just about everyone in private rented accommodation is entitled to tax relief,
basically you get back 12% of what you payed that year.

afaik you can date it back to 2002..
heres the form
http://www.revenue.ie/forms/rent1.pdf

fill in the details and post it to your local revenue office.
i think its one form per year, if not someone please correct me.

I think this is fairly common knowledge.

It is among all my bogger tenants anyway.

 

[Kastrosama]

well if i just found out im sure there are others out there that dont know

 

[magicbastarder]

issue is that your landlord may not be declaring the income; so if you claim tax relief, your landlord may up the rent to cover the extra money he has to pay.

 

[7 - No tomorrow]

issue is that your landlord may not be declaring the income; so if you claim tax relief, your landlord may up the rent to cover the extra money he has to pay.

And he'll be pissed off about it.

Say it to your landlord first. I know some that pay it from their own pocket to avoid the tax authorities snooping.

 

[Kastrosama]

tru enuf i guess...
he cant up the rent till you lease is up.. im sure ya can come to some sort of conclusion tho.

 

[classic seanc]

By far and away the most likely thing is that everything is above board and your landlord will have no problem with you sending off this form.

 

[Jill Hives]

12 percent seems like a lot. Is there a cap per year? Like 12 percent or flat amount?

 

[classic seanc]

12 percent seems like a lot. Is there a cap per year? Like 12 percent or flat amount?

€1830 tax credit for 2008

http://www.revenue.ie/index.htm?/revguide/renttaxcredit.htm

 

[Jill Hives]

€1830 tax credit for 2008

http://www.revenue.ie/index.htm?/revguide/renttaxcredit.htm

Well, if I can back date since I got here 2 years ago... I am in a hell of a good mood.

 

[classic seanc]

You should be, it's quite a nice bunch of money when it does come in.

 

[Jill Hives]

You should be, it's quite a nice bunch of money when it does come in.

Why does the form have a big black line through it? Are they trying to make it harder by making me go to some tax office to pick up forms?

 

[classic seanc]

Why does the form have a big black line through it? Are they trying to make it harder by making me go to some tax office to pick up forms?

Don't know? Maybe your printer is dirty?


By the way, you’re a lot better off asking IFF about this on his tax thread. You see, you don’t actually get €1830. Your tax credits increase by €1830, so that much isn’t taxed. In other words you save about €360 (20%) in tax over the year at the lower rate, or more at the higher rate. It’s complicated.






Try this out:
http://www.ireland.com/focus/budget2008/calculator/

 

[Jill Hives]

Don't know? Maybe your printer is dirty?


By the way, you’re a lot better off asking IFF about this on his tax thread. You see, you don’t actually get €1830. Your tax credits increase by €1830, so that much isn’t taxed. In other words you save about €360 (20%) in tax over the year at the lower rate, or more at the higher rate. It’s complicated.






Try this out:
http://www.ireland.com/focus/budget2008/calculator/

See this just made me less interested. I can't wrap my head around this tax system. Fill out a form and get cash, grand. Calculations and such, I am too lazy.

 

[classic seanc]

Damn, sorry. You see, this is why you're better off asking IFF about it.

BASICALLY, THIS IS ALL YOU NEED TO KNOW:

1. Fill out simple form
2. Send off simple form
3. Receive free money
4. Rejoice


It's really really silly not to do it.

 

[D0njo]

holy ballsack, i want more free money!

 

[classic seanc]

Well, we could sit here and discuss the spirit of the relief; I don’t believe that it’s free money. It’s our money anyway, it’s just that the government refuses to tax us on it.
But as we’ve seen, if we start going down that road shit gets very convoluted and confusing, so I won’t.

 

[nooleen]

 

[D0njo]

Well, we could sit here and discuss the spirit of the relief; I don’t believe that it’s free money. It’s our money anyway, it’s just that the government refuses to tax us on it.
But as we’ve seen, if we start going down that road shit gets very convoluted and confusing, so I won’t.

right right, yeap, i get it... im gonna give it a go, i could probably get a fair bit

 

[illiteratetwat]

i live up north, someone tell me how to get free money !!!