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Preliminary tax or not?

  • 22-03-2014 12:20PM
    #1
    mrbloop
    Registered Users, Registered Users 2 Posts: 48 ✭


    Hi all,
    this is my first time posting.

    Background
    I moved out of my house last summer and rented it out.
    I am compliant with everything, i.e. PRTB, Revenue, Insurance etc.

    I am now looking at getting on top of my tax returns and the amount of taxable income is below 3,174 euro. This means Form 12, right?

    If I am using Form 12, do I pay preliminary tax for this year?
    Please, can somebody clarify this for me?

    By the way, I am a PAYE worker.
    Tagged:


Comments

  • #2
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,686 ✭✭✭barneystinson


    mrbloop wrote: »
    Hi all,
    this is my first time posting.

    Background
    I moved out of my house last summer and rented it out.
    I am compliant with everything, i.e. PRTB, Revenue, Insurance etc.

    I am now looking at getting on top of my tax returns and the amount of taxable income is below 3,174 euro. This means Form 12, right?

    If I am using Form 12, do I pay preliminary tax for this year?
    Please, can somebody clarify this for me?

    By the way, I am a PAYE worker.

    No you don't. Preliminary tax payment only applies to chargeable persons. You just file a Form 12 and deal with the amount due when the P21 balancing statement issues.


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