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Is relocation package taxable??

  • 07-04-2010 9:06pm
    #1
    babystrawberry
    Registered Users, Registered Users 2 Posts: 292 ✭✭


    Hi,

    If a relocation package is being offered in a lump sum will it be taxed?
    If I was to be taxed on the lump sum is it possible to claim back the tax in any way?? :confused:


Comments

  • #2
    Mr. Presentable
    Closed Accounts Posts: 9,496 ✭✭✭Mr. Presentable


    Is it income? Then yes.


  • #3
    babystrawberry
    Registered Users, Registered Users 2 Posts: 292 ✭✭babystrawberry


    Well i presme it would be classed as income but when I show evidence of relocation costs, (flights, accomodation, moving costs) I presume I would be able to claim back on the tax

    This is for moving from Ireland to Holland :o


  • #4
    DoMyBooks
    Registered Users, Registered Users 2 Posts: 355 ✭✭DoMyBooks


    Here are the guidelines for vouched expenses
    http://www.revenue.ie/en/business/paye/guide/employers-guide-paye-expenses.html#section4

    Its your employers obligation and decision as to whether the payment is taxable .


  • #5
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    The revenues view is that it is the taxpayers decision where they chose to live and where they chose to work.

    Therefore I would think that it would be taxable as pay even if the expenses are vouched.

    Kind regards

    dbran


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