Change to tax relief on fees

acb · 24-01-2011 9:25pm #1

Does anyone know if the new changes to tax relief applies to students enrolled this year?
I am due to pay €3,500 and now i see under the new finance bill you will only get tax relief on fees paid over €2,000 which would mean Id only get 20% x 1500 = 300 as opposed to 20% x3,500 =700!!
400 is way too much to lose!

thank for help, have looked on the web and it doesnt say if it applies from sat on or not:(

jeepers101 · 24-01-2011 9:41pm

I reckon you'll be okay if you're claiming for the tax year 2010.

acb · 24-01-2011 9:43pm

hi jeeper101,
emm Im not sure....I havent paid my fees yet for the academic year 2010/11 !!!
I really need to find out the answer to this!

jeepers101 · 25-01-2011 3:55pm

Well if it works the way the tax relief on health expenses does, you'll be grand. With the health expenses you're entitled to claim for either the year the treatment was carried out or the year it was paid for. I'd assume its the same for college fees. How'd you get away with not paying yet?

pow wow · 30-01-2011 12:56am

You can claim the 2010/11 fee relief back as you have the option of either selecting the 2010 or 2011 tax year to do so - I'm guessing the 2010 tax year is more beneficial as the rules are changing!

tatabubbly · 01-02-2011 5:34pm

Hey sorry to hyjack the thread but if you pay installments in 2010 and 2011, could i still claim back for 2010??

Fecking government

jeepers101 · 01-02-2011 8:32pm

Yes you can claim the whole lot for 2010

Kristopherus · 02-02-2011 5:15pm

Did Lowery & Healy-Rae squeeze a concession out of Lennie in the recent shenanigans about the Finance Bill. Anyone have the details?

Change to tax relief on fees

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