Remember the NPPR: Income Tax Refund for Landlords, but you must apply

During the bank collapse, every 1 bed, 2 bed , 3 bed etc dwelling was told to pay the County Councils a €200 charge on rental or holiday homes. (but not mobile homes).

If you didn’t, the charges and fines were massive. The charge was eventually abolished and replaced by the property tax, but worst of all, you got nothing for the NPPR, (which means Non Principal Private Residence), not even an Income Tax discount.

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For many people, this didn’t matter because interest rates went high during this period, and rents collapsed, causing sell offs and repossessions to occur. However, for those landlords who held out, if you had a tax liability, in the last 4 years, you can claim a refund now, because you should have gotten a tax break after all on the NPPR.

“Welcome Relief.”

If you need a hand, Click Here and contact us. We will only charge a nominal fee of €50 + vat per return

In a case heard before the High Court in Ireland, it was determined that the Non-Principle Private Residents (NPPR) charge could be taken as a deduction against rental income for income tax purposes. The NPPR charge, which has been abolished since 2013, was a €200 annual change on non-principle private residences and was payable by owners to the local authority. Traditionally, it had been disallowed by Revenue as a deduction.

 

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