Non-resident landlord

Earnest will remain as collection agent for Non-resident Landlords. We will hold the monies until we have received confirmation that the Landlords tax return has been completed for that year. The tax held will be paid directly to the Landlord once confirmation is received.

If a landlord does their own return, they should forward confirmation from the Revenue. If an accountant does the return, an email from their office will suffice.

1. Earnest have managed the property for 12 months (January – December 2022) and hold €4800 in non-resident tax.
2. The landlord or their accountant completes the Form 11 / tax return and has their ROS account linked with the landlords IBAN.
3. The confirmation is emailed to Earnest
4. Earnest then transfers the €4800 held to the IBAN provided.
5. The landlord or accountant authorises ROS to deduct the monies from the IBAN.

What if I do my own tax returns?
You will make your return as usual but this time you will need to link a bank account with ROS (if you haven’t already done that). Once you have filed your return, you just send us the Revenue confirmation and we will then transfer to the IBAN you have linked to ROS.

Can I still file a paper return or does it have to be using ROS?
If you usually file a paper return, you should be able to continue doing that. You will find a section for your bank details on the last page of the Form 11.

Will there be any changes for 2023?
We are not sure yet, it will depend on how successful this new system is for the Revenue. The likelihood is that it will be the same for a couple of years with minor adjustments.

Where is the tax held by Earnest?
We keep all monies in a client account which is separate to our business accounts and it is audited twice each year.

Can Earnest recommend an accountant or tax advisor?
Yes we work with a few accountants who are familiar with non-resident taxes and can put you in touch if you wish.

Contact us if you have any questions and we will do our best to help or point you in the right direction.