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Hi,
I have in the past had undeclared income, both here and the UK, which I have saved to use for a deposit for a house. I am currently paying tax on all incomes now. But I am worried that the deposit may raise interest with the revenue as it is apx €60,000 should I be worried ?
Aren't all transactions above c. €12,700 notified as a matter of course and transactions below that too if the institution has cause for suspicion?
If you pay by cheque/draft drawn on an Irish (and possibly EEA?) bank, then the amount won't arise suspicion as the funds would be deemed to be clean.
If you arrive with cash, it would be unusual if someone wasn't asking questions.
Just a little bit of tax evasion? Ah sure why didn't you say - that's OK then...Sorry, don't get me wrong, most of this money came from redunancy payment and genuine savings of taxed income - however I have had small additional incomes from time to time which were cash in hand and I am worried about them now.
Am I the only one who finds discussing ways for the OP to fly under the radar questionable?
And I don't make a habit of doing so-please recognise that.
Sorry, don't get me wrong, most of this money came from redunancy payment and genuine savings of taxed income
The tax man just give me a bill of €500 from 16 years ago and I thought I was clear because I had used an accountant then.
Ok thanks, guess I should just sort out with revenue etc. Don't know how to go about this though as it is going back 4 years and as I say it was cash in hand payments.
Hi,
I have in the past had undeclared income, both here and the UK, which I have saved to use for a deposit for a house. I am currently paying tax on all incomes now. But I am worried that the deposit may raise interest with the revenue as it is apx €60,000 should I be worried ?
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