Individualisation

Can anybody explain the concept of [Individualisation?] in terms of the double income rate band of €58,800 for married couples? It is spoken of as something that provides a great advantage to married couples (especially in purchasing property jointly) but I'm not sure I can see where the advantage is. I have some vague idea that it is especially beneficial if one of the couple is not earning. Can anybody explain it to me simply please? Many thanks.

See [broken link removed].

Many thanks Clubman. A

I've looked through the threads but to no avail.

My situation is that I've returned to full time education and am living with my partner of the last 6 years. I'm a full time student with no income, in receipt of no financila aid etc.

Can I give my tax credits to my girlfriend or does one have to be married married to share credits.

Regards,

Bob

You must be married.

thanks for the information,
I thought as much but my girlfriend was told by a couple in a similar situation that they were able to gain some tax advantage.
I'll look into it a little further.

Alternatively we could get hitched before the 31st - doubtful though...

Alternatively we could get hitched before the 31st - doubtful though...

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It doesn't matter at what time of the year you get married. In the first year of marriage the excess credits are prorated (the most you could get would be one month)