Form 11

FinCork

Registered User
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Hi

I'm in the process of getting a mortgage top up loan with EBS (the worst bank service in Irealnd!) and after 7 months of an application for a 100k loan for an extension they have come back with a request for a Form 11 to show we are tax compliant for 2023 rental income for her apartment. I completed our 2023 tax returns last week and we have already provided a Tax Clearance Cert but my question is can we actually get a form 11 from revenue.ie? It seems to be a ROS only form but I may be mistaken and I was hoping to get someone to confirm.

Thanks
Finbarr.
 
Surely Form 11 is the name of document (now online) that is submitted to the Revenue?

The subsequent output / response from the Revenue used to be called something like a Balancing Statement or a Notification of Assessment?
 
Surely Form 11 is the name of document (now online) that is submitted to the Revenue?

The subsequent output / response from the Revenue used to be called something like a Balancing Statement or a Notification of Assessment?
I'm not sure tbh, I have an updated tax credit certificate that shows the rental income reducing next years tax credits, I would think this would be enough but judging by my dealings so far with EBS I don't know.
 
Surely Form 11 is the name of document (now online) that is submitted to the Revenue?

The subsequent output / response from the Revenue used to be called something like a Balancing Statement or a Notification of Assessment?
You can still get a Form 11 through your ROS inbox which is a copy of what is submitted to Revenue and this is usually part of what the bank requires

Within a day or two an Income Tax Self Assessment (ITSA) form will issue, which is essentially the P21 balancing statement or statement of liability for a non Income Tax registered individual

The Form 11 should match to what is on the ITSA, albeit more detail (Form 11 will have income and expenses, ITSA will just have taxable profits)

I'm not sure tbh, I have an updated tax credit certificate that shows the rental income reducing next years tax credits, I would think this would be enough but judging by my dealings so far with EBS I don't know.

If your tax credits have been reduced then I believe you submitted what is known as a Form 12 as a non Income Tax registered person. An Income Tax registered person would typically have to pay the liability rather than have it offset by future tax credits. You may want to update the bank and they will then let you know what require for a non Income Tax registered person

Form 11 (Income Tax registered) - returns a Income Tax Self Assessment
Form 12 (non Income Tax registered) - returns a P21 balancing statement (also called statement of liability)
 
thanks for the detailed reply, really helpful.