My wife and I are PAYE workers, but have some (modest) additional income from CGT, dividends, stock options etc. Last year was the first time I needed to make a tax return, and luckily it was handled by a tax consultant (I had worked abroad for my employer which entitled me to this for one year) who filed my taxes as a joint filing with my wife using a Form 11.
As I am doing it myself for the first time, I am trying to get a head-start on my 2008 tax return and have some questions which I'm hoping you can help with:
JR
As I am doing it myself for the first time, I am trying to get a head-start on my 2008 tax return and have some questions which I'm hoping you can help with:
- I had already informed the Revenue of the amount of my service charges etc and they were reflected in my Tax Credit Certificate this year. Do I still need to claim them on the Form 11 ?
- Last year, my 2007 tax liability was approx Eur 1500 and I needed to pay the same as a 2008 preliminary tax payment. Assuming that I have no liability above my PAYE income this year (gains < Eur 1270), should this pre-payment for 2008 be returned to us this year ?
- Am I right in thinking that any dividends paid to me up to 30 Sept 09 need to be recorded on the Form 11 for 2008 ?
- My wife comes from outside the EU, has lived here for 5 yrs. The tax consultant confirmed that for tax purposes, my wife is resident, non-ordinarily resident and non-domiciled in Ireland, and as such she does not need to pay tax on earnings outside Ireland and the UK which are not remitted to Ireland. She holds some stocks with a US broker and her dividends are paid into that account. As such, it is my understanding that they are not remitted, and are therefore not taxable - would this interpretation be correct ?
JR