Non-Resident Landlord Withholding Tax (NLWT): Who Qualifies and What You Get
Understand how tax is collected on rental income earned in Ireland by landlords who live outside of the country.
This scheme is a mechanism used to collect tax on rental income generated from properties located in Ireland by landlords who do not live in the country.
Who it's for
This scheme applies specifically to landlords living abroad who own property within Ireland and receive rental income from those properties.
What you get
The scheme provides a structured mechanism to ensure that tax obligations are met regarding Irish rental income for those living outside of Ireland.
What it costs you
To comply with these regulations, you will need to engage a collection agent based in Ireland to manage the tax requirements on your behalf.
The catch to know
The system relies on the use of a collection agent to ensure tax is handled correctly. If the arrangement does not include a collection agent, there may be significant implications regarding who is responsible for the tax obligations.
How to apply
- Confirm your status as a landlord living outside of Ireland.
- Identify the rental income being generated from your Irish properties.
- Appoint a collection agent within Ireland to facilitate the payment of tax.
- Work with your agent to ensure all necessary tax requirements are met.