Form 11 / Form 12 Tax Return: Who Qualifies and What You Get
Learn how to manage your annual tax assessment on rental profits and ensure you claim all your allowable expenses.
This tax return process allows you to calculate and report your annual tax assessment based on your net rental profit.
Who it's for
This is for all landlords who receive rental income.
What you get
You receive an official assessment of your tax liability based on the profit you make from your rental properties after expenses are subtracted.
What it costs you
There is no direct fee to file, but it requires a significant investment of time to compile and organize detailed records of every deductible expense you have incurred.
The catch to know
Many people miss out on money because they forget to claim allowable expenses, such as repair costs or management fees, which can reduce your overall tax bill.
How to apply
- Gather all your financial records and receipts for property expenses.
- Log in to the Revenue Online Service (ROS).
- Complete the necessary tax return forms based on your rental income and costs.
- Submit the forms through the official portal.