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Claim Back Tax

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  • 18-08-2006 6:04pm
    #1
    Stephen P
    Registered Users Posts: 1,891 ✭✭✭


    I hope to God this is ok to post in After Hours...

    I heard today that if you're living at home and giving your parents "house keeping" money that you can claim this back in your tax credits.

    Is this true or a load of cods?


Comments

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    #2
    Ruu_Old
    Closed Accounts Posts: 36,634 ✭✭✭✭Ruu_Old


    Moved from AH.


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    #3
    Pal
    Closed Accounts Posts: 4,115 ✭✭✭Pal


    stephen p wrote:
    I hope to God this is ok to post in After Hours...

    I heard today that if you're living at home and giving your parents "house keeping" money that you can claim this back in your tax credits.

    Is this true or a load of cods?

    sounds like the revenue owe me a fortune then. I paid my Ma £2k a week for years. I have receipts too ........... :D

    seriously, i suppose you could if they declared the income and paid tax on it but I doubt that has ever happened.


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    #4
    Stephen P
    Registered Users Posts: 1,891 ✭✭✭Stephen P


    Sorry Ruu for posting in incorrect forum & thanks for moving it.
    Pal wrote:
    sounds like the revenue owe me a fortune then. I paid my Ma £2k a week for years. I have receipts too ........... :D

    seriously, i suppose you could if they declared the income and paid tax on it but I doubt that has ever happened.

    Yea I thought it was a bit strange, cos how can I prove I paid that money to my parents? I was going to ring the Revenue but thought I'd check around first.


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    #5
    bagpuss
    Closed Accounts Posts: 3 ✭bagpuss


    Unless you paid by standing order or some such then you have no proof of payment. I imagine your parents should be able to charge you under the Rent a Room Scheme. They can be paid 7620 per annum tax free but they would have to be registered for this and make tax returns. Tax credits on amounts paid to parents, in general, would be minimal!!

    Also be aware that if parents are claiming social welfare, your claim may affect this. In any event Revenue will only go back 4 years maximum and I'm sure a case could be made that your payments are not rent...but contributions to household bills, such as ESB, food etc.


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    #6
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    bagpuss wrote:
    Unless you paid by standing order or some such then you have no proof of payment. I imagine your parents should be able to charge you under the Rent a Room Scheme. They can be paid 7620 per annum tax free but they would have to be registered for this and make tax returns. Tax credits on amounts paid to parents, in general, would be minimal!!

    Also be aware that if parents are claiming social welfare, your claim may affect this. In any event Revenue will only go back 4 years maximum and I'm sure a case could be made that your payments are not rent...but contributions to household bills, such as ESB, food etc.

    Also be aware that if parents are claiming social welfare, your claim may affect this
    well said bagpuss

    My advice is, depending on their circumstances, dont draw either the revenue or the SW on your parents.
    {In passing, is the limit gone up to 10k}


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