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Lodging money / tax

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  • 14-01-2009 6:37pm
    #1
    gary01
    Closed Accounts Posts: 26 ✭


    If I lodge €10,000 into my bank account do I need to pay tax or anything on it? Is there a certain amount you can lodge without paying tax on it?

    Thanks :)


Comments

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    #2
    greenman09
    Registered Users Posts: 1,909 ✭✭✭greenman09


    As far as i know u only pay tax on any interest accrued on the 10 but nothing on ur original deposit


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    #3
    biggus
    Closed Accounts Posts: 510 ✭✭✭biggus


    If its your money you can lodge and no tax,
    However if you have not got a legitimate reason for having this money there will be a record of the lodgement for all time ( as Bertie found out) So as long as there are no tax implications (gift,untaxed earnings or profits) your fine. If you won it in a bookies keep a photocopy of the cheque.

    Enjoy € 10k in cash will buy some value in 6months time


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    #4
    gary01
    Closed Accounts Posts: 26 ✭gary01


    Great, thanks for the replies. Didn't want to have to keep it under my mattress!! :D

    Cheers


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