10% Plus Vat
Non Resident Landlord End to End Service
- Collection Agent
- Rental Account Preparation
- Income Tax Computation & Filing
Prestige Property Consultants Limited offer a range of services to the non-resident landlord to ensure revenue compliance and financial adherence.
If you own rental property in Ireland but are not currently living in the country, you are considered a non-resident landlord.
All non-resident landlords must declare any Irish rental property income to the Revenue Commissioners.
As of 1 st July 2023, non-resident landlords, in Ireland will encounter a new way for processing the tax on their rental income. This is due to the introduction of the Non-Resident Landlord Withholding Tax (NWLT) system.
Additionally, they must appoint a Collection Agent or put in place an arrangement with tenants to pass 20% of the monthly rental charged to the Revenue Commissioners via the NWLT system.
A non-resident landlord must also file a tax return for any income earned, and pay any rental income tax for which liability exists.
Managing and filing your taxes while living abroad can be both frustrating and time-consuming. Prestige Property Consultants Limited not only provide property management services but can act as both a tax agent and collection agent if required.
This combined service simplifies the process for Non-Resident Landlords.
Prestige Property Consultants Ltd acting as Rent Collection Agent ensures the landlord receives the rental income direct from the tenant(s) thus enabling any and all taxes to be paid in full and on time.
The Non Resident Landlord End to End Service is both protective and comprehensive, it includes the preparation of annual rent accounts & the submission of annual tax returns to Irish Revenue therefor there is no need to engage an accountant separately.
Any and all tax savings is identified and tax advice given in order to ensure that your property, alternative savings plan and investment is optimised.