Foreign Rental Income

Q. I have a rental property in Germany but I live in Ireland. Do I report the income from this property in Ireland or in Germany?  

28th July 2017

A. The answer is both!

As you are resident in Ireland for tax purposes you must report all income from worldwide sources on your tax return here.

Also, as the property is situated in Germany the German authorities will require a tax return and a calculation of taxes to be returned to them.

However, both Ireland and Germany have a Tax Treaty signed between them that will ensure that you will get relief in Ireland for the tax you pay in Germany to ensure that you are not taxed twice on the same income.

Ireland has treaties with 72 countries currently in effect with Kazakhstan about to become number 73.

Disclaimer: Advice shared in this blog is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this forum, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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Call us today to make an appointment at your local office

1890 98 76 09

Or submit an enquiry