Treatment of Unemployment Benefit

L

loadsofmoney

Guest
My wife collected on her "stamps " last year, to the tune of roughly 5K.
my question is does this 5K get treated by revenue as income on my form 12 for last year . My p60 showed 40k, do revenue then judge us on a combined income of 45 K ??
Thanks for any help on this,
Dave
 
As always there are complications where ever the Revenue are involved. First Unemployment Benefit (UB) is taxable whereas Unemployment Asssitance (UA)is not.

There are some concessions as regards UB such as the first €13 pw being disregarded plus the child dependant part. Also further concession if it was 'short term' working.

If you have included it in the Form 12, I would not expect the Revenue to have looked at it nor advised you of the deduction. That said, they are usually helpful via the phone.

[broken link removed]
 
You must log in or register to reply here.
Back
Top