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
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Tax refund after getting married?

  • 12-04-2018 4:09pm
    #1
    lg01
    Registered Users, Registered Users 2 Posts: 76 ✭✭


    I got married almost 2 years ago and I'm now sending in my Assessable Spouse Election Form. My wife has not worked in the period and I'm going to transfer all of my tax credits over to me. Can anyone tell me how much of a tax refund I am due? I'd be well into the higher tax bracket. I heard it was something like €9,000 per year I'd get back if she has not worked for a full year. Is this correct or what is the actuals?


Comments

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


    lg01 wrote: »
    I got married almost 2 years ago and I'm now sending in my Assessable Spouse Election Form. My wife has not worked in the period and I'm going to transfer all of my tax credits over to me. Can anyone tell me how much of a tax refund I am due? I'd be well into the higher tax bracket. I heard it was something like €9,000 per year I'd get back if she has not worked for a full year. Is this correct or what is the actuals?

    No that's not how it works.

    You will be able to claim a portion of her unused rate band and credits which may result in a refund of tax to you. It's her unused personal credit of €1650 plus €9000 of her rate band

    In money terms it would be €9000 of your income retaxed at the lower rate of 20% rather than the higher rate of 40%. This would give a refund of €1800 plus the personal credit of €1650 for a max refund of €3450.


Advertisement