Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

PAYE tax assessment - Civil Partnerships

  • 14-01-2016 03:29PM
    #1
    Closed Accounts Posts: 1,643 ✭✭✭


    A relative has recently entered into a civil partnership and is wondering about the tax implications.
    Both have earnings taxable under PAYE and pay tax at the lower rate (20%)
    The question is, given that they both pay tax at the same rate and their incomes are broadly similar, which option is best for them going forward in terms of their tax assessment by Revenue ie
    Joint assessment
    Separate assessment
    Separate assessment as a single
    Given that neither pay tax at the higher rate, I've been telling them that I don't think there's any real difference or advantage attached to either assessment method ? Is this correct ? Any views or opinions welcome !


Comments

  • Registered Users, Registered Users 2 Posts: 86 ✭✭SRASE


    If both partners have income of over €16,500 and both pay at 20% there is no difference in the tax treatment under the difference options.

    If one partner was on €10,000 and the other partner on €20,000 the joint assessment option would give a tax saving of €700. This is based on both partners being entitled to the PAYE tax credit for their employment income.


Advertisement