L Liamos Registered User Messages 127 30 Oct 2009 #1 I understand that income subject to DIRT is exempt from the new income levy. So a person with a couple of million on deposit could earn hundreds of thousands in deposit interest in 2009 and not be subject to the levy?
I understand that income subject to DIRT is exempt from the new income levy. So a person with a couple of million on deposit could earn hundreds of thousands in deposit interest in 2009 and not be subject to the levy?
J jpd Registered User Messages 3,887 30 Oct 2009 #2 A million on deposit would be lucky to earn 30,000 before DIRT or 22,500 after DIRT. So it would be many millions before you got to hundreds of thousands!
A million on deposit would be lucky to earn 30,000 before DIRT or 22,500 after DIRT. So it would be many millions before you got to hundreds of thousands!