If you rent out an Irish property but you live abroad, you still have to pay tax. Simple.
Except it’s not. Understanding the rules and keeping on top of the revenue’s demands can be a source of stress when you’re overseas. Do you know when returns are due? What deductions you’re entitled to? How your property rental affects the other taxes you pay?
- By removing the tax worries: You’ll have a tax agent based in Ireland working with you to ensure that tax returns, tax calculations and tax payments are all up to date and completed correctly.
- By dealing with Revenue: We’ll get you set up and answer any queries the revenue have in relation to the tax on your rental property.
- By helping to reduce tax to a minimum: Advising you of any legitimate deductions you can make. This would include getting a deduction for some of our fees.
- By filing your tax return: On time, every time.
- By advising you on:
- The correct way to return the income where the property is in joint names and maximising tax credit claims where possible.
- Any other taxes that are relevant to the rental property, such as USC, Capital Gains tax, Gift Tax and Inheritance Tax.
How we work with you from afar
A 10 step process
10. Answer any routine follow-up queries with the Revenue
“We found CF online and after a brief call and initial consultation they got a proposal out to us very quickly. My wife and I started working with CF in early 2019 when they did our 2018 tax returns for our Irish rental property which we own jointly. They advised us of the correct way to do our returns and while we had to do a return each the extra cost of doing this was more than covered by the tax savings. They did an excellent job for us as we are very happy with the level of service”
Jen and Bruce
“My husband & I moved to France a number of years ago and while there, he completed our tax return for our Irish property as he had an interest in this area. However, CF were recommended to me by an existing client of theirs. The first return completed by Comerford Foley was for 2016 and as part of this, they spotted a couple of areas where savings could be made from the returns in 2014 and 2015, while minimising our taxes for 2016. I have used their services ever since and they have been very helpful. They have been very patient with me and have always given me a fantastic service”.