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Split Year Treatment and last month's wages

  • 14-12-2017 2:48pm
    #1
    Registered Users, Registered Users 2 Posts: 52 ✭✭


    Hi,
    I've read the Leaving the Country sticky  and I am just looking for clarification around one issue. I know I can apply for SYT and could be awarded my full tax credit usage against employment income from before the departure date.

    Now if I receive further payment from my company after the departure date, i.e. my last month's wages paid in arrears + holiday pay, should I receive that tax free?
    And if I can receive it tax free will my company be notified that they should not deduct tax or will I have to claim it back down the line?
    An Individual Leaving the State In the case of an individual leaving the State, the measure is aimed at those who continue to be resident for the year of departure. If the authorised officer is satisfied that the individual is leaving the State other than for a temporary purpose, with the intention and in such circumstances that the individual will not be resident in the State for the following tax year, SYT may be allowed immediately. This means that the individual is regarded as nonresident from the date of departure so far as the taxation of employment income is concerned.
    Page 8 here: https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-34/34-00-01.pdf


    Thanks.


Comments

  • Registered Users, Registered Users 2 Posts: 402 ✭✭Lockedout2


    It's won't be tax free because it's subject to Irish tax and the benefit of Split year relief is that the foreign income does not get include so most people end up with a refund.

    A fulll years Creidts is available against less than a full years income. So it's the figure on the P45.


  • Registered Users, Registered Users 2 Posts: 52 ✭✭TheAbstracter


    This was getting my hopes up:
    This means that the individual is regarded as nonresident from the date of departure so far as the taxation of employment income is concerned

    I should have known it would be too good to be true!

    Thanks.


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