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How many years will revenue go back?

  • 23-09-2013 7:57am
    #1
    Registered Users, Registered Users 2 Posts: 922 ✭✭✭


    I am executor for an elderly relative who died end of last year. She had a private and state pension and all paye was paid up to date. She had some Irish deposits and shares too on which DIRT was paid. But I've just realised that she had a few small foreign shareholdings (all inherited from her husband about 10 years ago) and I'm assuming no tax was paid on any dividends from these.

    She had alzheimers the last few years and to be honest there was so much work involved in just caring for her and paying for her care that her tax took last place. Before any payouts to beneficiaries are made I'd like to get clear with revenue but would like to do it as simply as possible and I find tax returns so complex. Also how long might they go back?


Comments

  • Registered Users, Registered Users 2 Posts: 7,157 ✭✭✭srsly78


    As far as they want.


  • Registered Users, Registered Users 2 Posts: 922 ✭✭✭trishasaffron


    I'd be really interested to hear from people who have practical experience of this issue - am sure there are lots. In my albeit limited experience revenue are very reasonable and realistic once they are approached in an open an honest manner but would like to hear if others have a similar experience.


  • Registered Users, Registered Users 2 Posts: 213 ✭✭Bold Abdu


    How much are you talking about in terms of dividends? If only a few hundred euro I would probably just throw them all in the year of death.


  • Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Generally four years,

    Ten in cases of fraud or significant underpayments.

    Rarely go back further than that because records are so incomplete as most firms will have shreaded files older


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