The 31 October 2025 deadline for the submission of income tax returns. Those obliged to submit tax returns are:
- Self employed individuals
- Landlords
- Farmers
- Company directors
Tax payable by 31 October (or 13 November where returns are filed on ROS) include
- Income Tax due for 2024
- Preliminary tax due for 2025 (which in general is either 100% of your 2024 liability or an estimate of 90% of 2025’s liability)
- CGT return for disposals made during 2024 (failure to submit a return even if CGT has already been paid can result in a 10% penalty)
Failure to submit an income tax return or late submission could result in
- Interest of circa 8% per year on any liability arising, including interest due on any preliminary tax not paid or underpaid
- Penalty of 5% – 10% of the tax due
- Increased risk of Revenue Audit
Prices for tax returns start from €150, landlord rental accounts and tax return only €200.
Contact us today for a FREE discussion of your own circumstances and a more accurate quote
3 Comments.
Hi there,
im planning to rent a room in my property while still living in the house. What % tax will I be paying? What form do I need to complete?
Many thanks,
Anna
Hi Anna, provided the annual rent (including tenant’s contributions to household bills etc) is less than e12,000 & you also occupy a room in the house then you can avail of “rent a room relief” hwereby no tax is payable. You are still oblighed to file a Form 12 tax return to avail of this relief.
If I was renting my house out from July to December of last year and received 1,200p/m do I still have to pay tax on this ?
Thanks
Sarah