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Tax back on fees?

  • 26-07-2011 11:50am
    #1
    Paul Tergat
    Registered Users, Registered Users 2 Posts: 10,785 ✭✭✭✭


    Is it possible to do this?

    I am reading up on it and saw it mentioned you can apply for 20% up to 5k on fees paid....


Comments

  • #2
    leeroybrown
    Closed Accounts Posts: 7,563 ✭✭✭leeroybrown


    Have a look at Tax Relief for Tuition Fees in respect of Third Level education - IT 31.


  • #3
    Paul Tergat
    Registered Users, Registered Users 2 Posts: 10,785 ✭✭✭✭Paul Tergat


    leeroybrown wrote: »
    Have a look at Tax Relief for Tuition Fees in respect of Third Level education - IT 31.

    thanks for that.

    slightly confused with this.... my fees for the 1 year masters will be €12.5k. I am applying for the fees grant and maintenance grant but its only the fees grant that will be taken into consideration as this is a tax relief on just fees right? so I will still be paying > €5k in fees and so can put in a claim?

    If so when do I put the claim in? Once all fees are paid?


  • #4
    leeroybrown
    Closed Accounts Posts: 7,563 ✭✭✭leeroybrown


    I'm afraid I can't fully answer those questions as I haven't personally been through the process. My understanding is that you can apply for tax relief on up to €5000 that you've paid yourself, so if you end up paying €6000 after whatever fees grant is available you'll be able to get relief on €5000 of that, so up to €1000 of standard rate tax. As far as I know you apply within the year you pay the fees but after you've actually paid them.

    I'm open to correction on the above so I'd double check with someone with more direct knowledge of the area.


  • #5
    Annasopra
    Registered Users, Registered Users 2 Posts: 41,158 ✭✭✭✭Annasopra


    Once you have a receipt for the fees you can put in a claim.

    HOWEVER this is a tax rebate so you will be given this refund through the tax system - ie through PAYE and your employer - so you do have to be in employment to get it back so that your employer can refund it to you through the tax system although someone else can claim it once they pay the fees on your behalf - so for example say your brother was in employment - he could pay the 5 grand and he would then get the tax rebate through his wages
    Who can Claim?
    An individual who pays fees to Private/Publicly Funded Third Level Colleges on behalf of him/herself or any other individual.

    Your course should also be on this list

    http://www.revenue.ie/en/tax/it/postgraduate-courses-2011-2012.pdf

    It was so much easier to blame it on Them. It was bleakly depressing to think that They were Us. If it was Them, then nothing was anyone's fault. If it was us, what did that make Me? After all, I'm one of Us. I must be. I've certainly never thought of myself as one of Them. No one ever thinks of themselves as one of Them. We're always one of Us. It's Them that do the bad things.

    Terry Pratchet



  • #6
    sambuka41
    Registered Users, Registered Users 2 Posts: 1,083 ✭✭✭sambuka41


    Also just to say that I went through this a couple of weeks ago. I got a letter back from the Revenue and was told that:

    "from 2011 tax year the first €1,000 of a part time and first €2,000 of a full time courses are not allowable for tax relief"

    I was not impressed as I paid the first half of my fees in 2010 and got it relief on all bar the registration fees, then less than 6 months later I only get half. Typical :mad::mad:


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