Rent-a-room relief is probably the most lucrative tax scheme available to the ordinary householder in Ireland, yet it remains an underutilised scheme.
In essence, the scheme allows a householder to rent out a room in their home and to receive up to €12,000 per annum totally tax free. The money is not liable to income tax, USC or PRSI. You must live in the property as your sole or main residence to avail of the...
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