Non-Resident Landlords Taxation
If you are moving abroad and are thinking of renting out your home in Ireland you will become a Non-Resident Landlord (NRL).
This is where a landlord resides outside of Ireland and the rental property is located within the state. Non-resident landlords are liable to Irish income tax on rental income from properties within Ireland and must file an Irish Tax Return.
SCK Group are specialists in non-resident landlord taxation and as well as letting and managing your property we can advise you on your tax liabilities, complete your rental accounts and file your tax return.
- View your property and offer advice with regards to letting your property for the first time
- Carry out any agreed changes before renting out your property
- Advertise your property
- Interview and select suitable tenants
- Request tenant references and carry out checks for financial reliability
- Record a contents inventory and prepare lease
- Agree a tenant code of conduct
- Record all utility readings and transfer into tenant's name
- Co-ordinate deposit & advance rent, standing orders, key holders, alarms, contact details, etc
- Set up bank rental account
- Monitor rent payments and follow up immediately if rent not received in full and on time
- Register tenancy with PRTB
- Regularly inspect your property while your are abroad
- Remain the first contact for your tenant at all times
- Carry out maintenance/repairs as necessary
- Remain in regular contact with you regarding your property, while you are abroad
- Advise you on all aspects relating to taxation, including rental income
- Compile rental accounts
- Submit your tax return to Revenue