RCT query

appletara

Hi, looking for some help here. Am just doing husbands returns for 2015, he worked as a builder. First half of year he worked for another builder who submitted his RCT payments so that's fine. Second half of year, he became involved in a partnership business with three other builders. One of these guys took charge of the revenue account. Now the problem is that all of the partners in this business issued their own invoices for their 25% of the invoice to main contractor each week. So main contractor is getting 4 separate invoices minus 20% RCT from all four guys. Here's where i'm in trouble, partnership since broke down, three other builders gone into the wind and husband now attempting to make his tax return. However he has no access to the RCT which was paid into the business partnership account by the main Contractor at the time. Question is this? is it possible for revenue to transfer my husband's share of the RCT into his own personal revenue account so that he can make his return? even though the others more than likely won't be making a return? Hope that all makes sense.

exaisle

You can make the return regardless of whether his share of RCT is allocated to him or not. His Income Tax liability will be the same...the only question is whether he gets the benefit of the RCT that's been deducted.

I'd give the RCT section of whichever Revenue district deals with his affairs a call and see what they have to say....they tend to be fairly helpful to individuals/taxpayers who are trying to keep their affairs in order and I'd imagine that situations like yours are not altogether uncommon.