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Question about tax credits when leaving the country

  • 04-01-2018 6:55pm
    #1
    markodaly
    Registered Users, Registered Users 2 Posts: 15,973 ✭✭✭✭


    I will be going abroad permanently come March/April, I know that I have to apply for a p60 there and then and get a rebalancing statement via a p21.

    My question is how much tax credits would I be able to claim. Can I claim the entire years worth of credits or will it be based on a split year? In other words only half the credits that one can normally claim over the year.


Comments

  • #2
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    markodaly wrote: »
    I will be going abroad permanently come March/April, I know that I have to apply for a p60 there and then and get a rebalancing statement via a p21.

    My question is how much tax credits would I be able to claim. Can I claim the entire years worth of credits or will it be based on a split year? In other words only half the credits that one can normally claim over the year.

    Permanently leaving should mean full credits and rate band for the year.


  • #3
    markodaly
    Registered Users, Registered Users 2 Posts: 15,973 ✭✭✭✭markodaly


    relax carry on wrote: »
    Permanently leaving should mean full credits and rate band for the year.

    Full tax credits to the tune of 3,300 plus my wife's shared credits of 1650 which means I can avail of the full 4950 worth of credits?


  • #4
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    markodaly wrote: »
    Full tax credits to the tune of 3,300 plus my wife's shared credits of 1650 which means I can avail of the full 4950 worth of credits?

    If both of you are leaving permanently and are jointly assessed, then yes.


  • #5
    noel100
    Registered Users, Registered Users 2 Posts: 358 ✭✭noel100


    Is your wife working if not entitled to dependant credit going back 4 years if you have children.
    Credit for tools and uniforms going back 4 year's
    If you have relative elderly you pop in or do occasional jobs for 70 euro credit going back 4 years.
    And make sure you have your cuttoff is in the correct ratio 1 income or 2 income family. A lot of tax deduction done at these points not correctly claimed.


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