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Credit Union Dividends Form 11

  • 11-11-2015 9:14pm
    #1
    wos
    Registered Users, Registered Users 2 Posts: 22 ✭


    Hi,

    I am completing Form 11 for 2014 - I received credit union dividends where the DIRT was already taken.

    There is a section for (c) Irish Credit Union Dividends, however this clearly states Irish Untaxed Income.

    Where and how exactly should this be entered in Form 11 as I wish to still disclose this (i.e. I am unsure if the dividend amount after DIRT was deducted at source is to be considered as income for tax calculation purposes)?


    Thanks for the help.


Comments

  • #2
    HcksawJimDuggan
    Registered Users, Registered Users 2 Posts: 394 ✭✭HcksawJimDuggan


    It should be disclosed under "Gross Deposit Interest Received on which DIRT was deducted Taxable at 41%"

    Only dividends on which no DIRT was deducted should be included in the Irish Untaxed Income section.

    Gross figure should be included and you will get a credit for the DIRT paid in the calculation section. It will be shown as Retention Tax Credit.


  • #3
    wos
    Registered Users, Registered Users 2 Posts: 22 ✭wos


    Great - and thanks for the detailed response.


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