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My Collection Agent provides a range of support for Non-Resident Landlords living outside the Republic of Ireland.

HOW TO NAVIGATE NLWT

Top 5 takeaways from the upcoming NLWT changes:

1

A non-resident landlord is now obliged to use a collection agent, or else their tenant is obliged to deduct 20% of the gross rent each month and transfer through their MyAccount account to Revenue. This must be completed within 21 days of the rental date i.e., if rent is due on the 1st of the month, 80% should be remit to the landlord on this date and the remaining 20% remit to Revenue by the 21st of the month.
2

Revenue will no longer consider tenants or collection agents as a chargeable person in regard to the rent due once all requirements of the new system are complied with.
3

A letting agent such as Madden Property can now assume the role of a "collection agent" for our non-res landlords. In this role we will collect the rent from the tenants on a monthly basis, transferring 80% to the landlord and remitting the 20% withholding tax directly to Revenue on a monthly basis by making a Rental Notification (RN). We offer a streamlined service to make life easier for the landlord and tenant alike.
4

This withheld tax is automatically credited to the landlord through ROS via a pre-populated entry in their own tax return.
5

Under the new NLWT changes, the non-res landlord has the obligation to file their annual tax return (either filing themselves or using a tax agent), removing that obligation that used to fall to the collection agent.

HOW TO NAVIGATE Non-Resident Landlord Withholding Tax (NLWT)

1

Choose a collection agent

Find a reliable collection agent.
2

Receive 80% of monthly rent

The collection agent collects full rent from the tenant. They withhold 20% as tax and send it to the Irish Revenue Commissioner. You receive 80% of the rent.
3

Relax until tax return is due

Enjoy a hassle-free rental income process throughout the year. No action needed until annual tax return is due.
4

File your tax return

File your annual tax return (either yourself or using a tax agent). Withheld tax is automatically credited via ROS.
5

Finish the year stress-free

Trust that your non-resident landlord withholding tax is handled properly. Enjoy a worry-free financial year.

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