a) Yes you must pay Income Tax and Preliminary Income Tax on any rental profits. It is your rental profit and not the gross rents that you pay Income Tax on. Click here for more information on Rental Income Tax.
Do I have to pay Income Tax on my rental income under the Self Assessment Income Tax system?
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About the Author: Cathal Maxwell
Cathal brings over 40 years of tax experience, advising individuals and businesses on Income Tax, Capital Taxes, Inheritance Tax, Stamp Duty, and VAT.
