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LOT deducted at source

Wesser · 2018-11-25 15:25:27

I have read that LPT can be deducted at source . Does this mean that the payment comes out before or after your income Tax is paid? If it is before then that would cut my tax bill in half! Does anyone know if it comes out if your gross or your net Thanks Sorry title should read LPT not LOT

25-11-2018 3:25pm

#1

Wesser

Registered Users, Registered Users 2 Posts: 1,813 ✭✭✭

Join Date: April 2015

Posts: 1714

I have read that LPT can be deducted at source
.
Does this mean that the payment comes out before or after your income Tax is paid?
If it is before then that would cut my tax bill in half!
Does anyone know if it comes out if your gross or your net

Thanks

Sorry title should read LPT not LOT

0

Comments

#2 25-11-2018 3:28pm

wally1990

Registered Users, Registered Users 2 Posts: 1,228 ✭✭✭

Join Date: June 2013

Posts: 1095

Wesser wrote: »

I have read that LPT can be deducted at source
.
Does this mean that the payment comes out before or after your income Tax is paid?
If it is before then that would cut my tax bill in half!
Does anyone know if it comes out if your gross or your net

Thanks

Sorry title should read LPT not LOT

Comes off you net

Not your gross so therefore younger no tax relief unfortunately

0