Student Accommodation
Homeowners-got a spare room? Some steps to take to Rent out a room in your home and earn tax free cash!
On a certain date of every month your lending institution will knock on your bank account door looking to extract a huge chunk of money as monthly mortgage repayment. For many people this is always an anxious time – will the funds be there? Financial anxiety is a major problem these days, many people are…
Read MoreThe Impact of Covid-19 on the Accommodation sector in Ireland – what does the future hold?
Covid-19 is everywhere, literally! Everyone you talk to the conversation invariably turns to the Coronavirus. The numbers, the statistics, businesses affected, financial implications, recession looming – all bleak and gloomy facts and figures. With respect to accommodation, the narrative surrounds hotels and the hospitality sector and again the clouds are only dark ones. But in…
Read MoreSpare Room? Don’t leave it idle. Use the rent a room scheme and earn extra cash!
Currently in Ireland there is a well-documented student accommodation crisis (obviously the Covid-19 situation is having a hugely negative impact on accommodation currently). This in turn has led to a spare room rental boom. Each budget announcement sees the Rent-a-Room scheme tax incentive go, to where it is now sitting at €14,000 per annum for homeowners…
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