Married couple - PAYE worker & Self employed

[AnyAdvice]

Hi All,

My brother-in-law is self-employed and my sister is a PAYE worker. They are married since Sept-2003. What is the most tax efficient way to be assessed? My sister works part-time however is it possible that she can allow her husband avail of her tax credits etc i.e. marriage relief?? Thanks for any advice....

 

[Graham_07]

Joint assessment generally proves the most efficient although there are sometimes situations where separate or single treatment may be appropriate.

Under joint assessment they can earn €76,800 between them at the standard rate. This breaks down to a maximum of €45,400 to either and €27,400 to the other at the standard rate.

The married credit of €3,660 can be taken by either spouse. The PAYE credit of €1,830 is not transferable and must remain with the PAYE earner ( in this case the wife)

 

[AnyAdvice]

Thanks Graham07