Non-Resident Landlord Collection Agents

Non-Resident Landlord Collection Agents

A Non-Resident landlord is a person who owns a rental property in the Republic of Ireland but is not currently living in the country. All non-resident landlords must declare any Irish rental property to the Revenue Commissioners and select one of the following options for managing tax on their Irish rental property:

  1. Appoint a Collection Agent
  2. Tenant Tax Withholding

If either of these options are not in place you cannot file your 2020 Irish Income Tax Return.

Tenant Tax Withholding

If you choose to have your tenants manage the tax on your rental property, you will need put in place an arrangement for them to pay 20% of the monthly rent to the Revenue Commissioners. This is not an ideal option, as places the burden on the tenant to stay on top of your tax liabilities.

Collection Agent

A Collection Agent is appointed by you with the responsibility of allocating sufficient funds to the Revenue Commissioners to effectively meet your ongoing tax liabilities. A Collection Agent can be anyone from a trusted friend or relative, to a third party based in Ireland.

Not many people want to place the burden of managing their rental property tax on a friend or relative, so they typically turn to a third party agent based in Ireland.

At Tax Return Plus we’re now offering a tailored solution for Non-Resident landlords that allows you to assign Tax Return Plus as your Collection Agent.

Tax Return Plus Collection Agency

Our team have reviewed the Collection Agency rules and have designed an offering for our Non-Resident Landlord customers. We will provide you with a document that appoints Tax Return Plus as your Collections Agency, and generate a new specific Collections Agency PPS Number.

You will still receive 100% of the rental income directly from the tenant or letting agent, while Tax Return Plus monitors your taxes to ensure they are paid in full and on time.

Our fee for provision of the Collection Agent service is €150 per year per property in addition to our tax agent fee of €249.  If two separate returns are required (joint owners of a single property) the fee is €699.

We cannot act as the Collection Agent unless we also act as the tax agent.  This allows Tax Return Plus to have oversight of taxes paid.

Both the tax agent fee and the Collections Agent fee are tax deductible against your Rental Income and is payable when Tax Return Plus are filing your Income Tax Return.

If you’d like for our Accountants at Tax Return Plus to carry out the function of Collections Agent for your Irish rental property, request a quote today.

Get a Quick Quote

Please complete our simple form to receive a free, no obligation quote from our Certified Accountants within 1 working day.
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Rental Income

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Other Income

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NOTE: If you are a full time, salaried employee (PAYE only) and are looking for tax back, you do not need to file a tax return. Head to irishtaxrebates.ie to claim your rebate.
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