Case III income on tax return - quick help.

M

MondayMorn

Guest
I need you assistance.
I am completing my tax return for YE 2008 today (AHH). We are married couple. However one spouse has only CASE III Income (which is subject to DIRT). I am using round sums below just to get my query accross.

Limit for standard rate tax for 2008 is the lower of :
(a) Eur44,400 + spouse II's income
or
(b) Eur 70,800

Correct?

Our situation:
Spouse 1:
Income from Profession/ Trade : 50,000
Case III income (gross amount): 5,000

Spouse II:
Case III income (gross amount): 5,000
Total income for Married couple 60,000
 
I have since edited this post. See new posting.
Ignore this one.
 
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