Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Preliminary tax or not?

Options
  • 22-03-2014 12:20pm
    #1
    mrbloop
    Registered Users Posts: 48 ✭


    Hi all,
    this is my first time posting.

    Background
    I moved out of my house last summer and rented it out.
    I am compliant with everything, i.e. PRTB, Revenue, Insurance etc.

    I am now looking at getting on top of my tax returns and the amount of taxable income is below 3,174 euro. This means Form 12, right?

    If I am using Form 12, do I pay preliminary tax for this year?
    Please, can somebody clarify this for me?

    By the way, I am a PAYE worker.
    Tagged:


Comments

  • Options
    #2
    barneystinson
    Registered Users Posts: 4,683 ✭✭✭barneystinson


    mrbloop wrote: »
    Hi all,
    this is my first time posting.

    Background
    I moved out of my house last summer and rented it out.
    I am compliant with everything, i.e. PRTB, Revenue, Insurance etc.

    I am now looking at getting on top of my tax returns and the amount of taxable income is below 3,174 euro. This means Form 12, right?

    If I am using Form 12, do I pay preliminary tax for this year?
    Please, can somebody clarify this for me?

    By the way, I am a PAYE worker.

    No you don't. Preliminary tax payment only applies to chargeable persons. You just file a Form 12 and deal with the amount due when the P21 balancing statement issues.


Advertisement