CPDStore Ireland

Accountants should purchase this course for several key reasons:

• Stay Informed: Understand the latest tax regulations affecting landlords and property owners.
• Enhance Client Services: Learn strategies to help clients maximize allowable deductions and minimize tax liabilities.
• Improve Compliance: Gain knowledge on best practices for record-keeping and reporting, reducing the risk of costly errors.

The importance of this topic stems from the increasing complexity of rental tax laws and the potential financial implications for both landlords and their accountants. By purchasing, accountants will enhance their expertise, ultimately adding value to their practice and providing better service to their clients, leading to improved client satisfaction and retention. This course is an investment in professional development that can significantly elevate the quality of advisory services offered.

What will be covered:

• Rent Tax Credit: An overview of the new Rent Tax Credit introduced in Budget 2023, including eligibility criteria and claiming processes for both tenants and landlord.

• Non-Resident Landlord Withholding Tax (NLWT): Understanding the NLWT system that came into effect on July 1, 2023, which simplifies tax obligations for non-resident landlords and outlines the responsibilities of collection agents.

• Tax Deductions and Reliefs: Detailed insights into allowable expenses for landlords, including maintenance      costs, insurance, and specific reliefs like rent-a-room relief

• Current Legislative Changes: Discussion on how recent budget announcements impact rental tax obligations and potential benefits for client.

This topic is essential for accountants as it addresses the evolving regulatory environment affecting rental properties, ensuring they can provide informed advice to clients. The complexity of rental taxation has increased due to recent legislative changes and a heightened focus on compliance by Revenue. Purchasing this course will enhance accountants' expertise, allowing them to better serve their clients by maximizing tax benefits and ensuring adherence to current laws. Ultimately, this knowledge will improve the value they offer in their practice, fostering client trust and satisfaction.