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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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Experience:  FCCA - over 40 years experience as a qualified accountant (UK based Practitioner)
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I am moving to Republic of Ireland for work for at least 1

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Hi, I am moving to Republic of Ireland for work for at least 1 year +, and would like to rent out my current property, how much tax do I have to pay ?
JA: Which tax year is this for?
Customer: current tax year
JA: Is there anything else the Accountant should know before I connect you? Rest assured that they'll be able to help you.
Customer: I cant think of any

Hello and welcome to JustAnswer. I’mCustomer a UK qualified accountant. Reviewing your question and will respond to you shortly.
Many thanks

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Customer: replied 15 days ago.
Hi sorry, the question got slightly more complicated, please see revised question below:
1) Property 1 – Under my name ; I am a UK national ; I am moving to Dublin for work long term
We have got an offer of £1750 per month (21K annual) for the house rentala) how much tax would I have to pay?
b) In terms of maintenance and repairs, am I subject to any allowance or tax reduction?2) Property 2 – Under my brother’s name, approx. £500K cash buy property no interest, we are trying to achieve the following:
a) Re mortgage the house to take out £250K cash for further investment in the UK
b) We are looking to convert the house to an HMO compliant property, is the construction cost eligible for tax relief/reduction
c) Will set up as a limited company the best way forward ?

Boris, I thank you for talking with me and accepting my answer.

I'm glad I could help you resolve this today. Please follow up here if you have any other questions.

Best wishes.