Real estate remains the king of investments. It’s not a coincidence that we have been told that a house is the best way to invest your money. Prices of Irish properties continue to grow rather than fall. So is now a good time to buy a rental property in Ireland? What are your tax obligations when you sell, buy, or rent your real estate? Let’s dig deeper to find out.Key information for non-resident landlords.
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Have you invested in buy-to-let property in Poland? Here’s everything you need to know about your tax obligations
Owners of rental properties in Poland, that are in receipt of rental income, must declare this income by submitting a tax return to the Polish tax authorities each year. See the details and tax deadlines you need to know, and how to get help with filing a Polish tax return.
Rental Income Tax in Ireland: The Ultimate Guide for Landlords
Learn how rental income tax works in Ireland, what landlords can claim as expenses, and how to stay compliant whether you live in Ireland or abroad.
Continue reading →What Is a Rent Collection Agent for Non-Resident Landlords in Ireland?
Non-resident landlords in Ireland must ensure their rental income is properly taxed, typically by appointing an Irish-based rent collection agent to handle rent collection and tax obligations. A collection agent collects rent, ensures the correct tax (usually 20%) is paid to Revenue, and files annual tax returns on the landlord’s behalf, helping ensure full compliance.
Continue reading →Global rental income tax – A guide for American investors with overseas property
US taxpayers must report rental income earned from property located outside the United States on their US tax return.
Continue reading →Managing foreign property and claiming foreign property tax deductions
US taxpayers can claim tax deductions for expenses related to foreign property, but notes that foreign property taxes are no longer deductible under current law.
Continue reading →US income tax on rental property for nonresident landlords
Non-resident property owners must report and pay income tax on rental income earned from property located in another country, even if they live abroad. Tax treatment depends on whether the income is taxed on gross rent or on net income after deductions such as maintenance, mortgage interest, or property management costs. Filing the correct tax return is essential, as failure to do so may result in higher withholding taxes and the loss of allowable deductions.
Continue reading →Renting out your US home while living overseas
Renting out your home while living overseas can provide additional income, but it also comes with important U.S. tax obligations. Property owners must report all rental income to the IRS on Schedule E and keep detailed records of income and expenses.
Continue reading →Understanding Income Tax and Foreign Rental Property Depreciation: A Guide for American Investors
US taxpayers must report and calculate depreciation for foreign rental property as part of their global income tax obligations.
Continue reading →Tax Number Requirements for Rental Income in Hungary
Non-resident property owners in Hungary must obtain a personal tax identification number (Adóazonosító Jel) via form T34 before earning any taxable income.
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