Dependent children age - income tax return

Window1

Hi

For 'Dependent children' in Income Tax Return form is someone in fulltime education over the age of 18 eligible to be counted here?

I have googled it and the nearest I found was to do with welfare payments on the Citizens Information website where it said "If you are getting a long-term social welfare payment and your child is in full-time education, an IQC will be paid up to 22 years of age or up to the end of the academic year in which he or she reaches 22."

Is that the same definition I wonder that Revenue use for income tax returns purposes can anyone clarify please?

Thanks

Stratvs

https://www.revenue.ie/en/self-assessment-and-self-employment/documents/guide-pay-file.pdf

Page 11 - "A dependent child is regarded as any
child under 18 years and any child over 18 years who is going to school or college full-time or is in training as an
apprentice."

Window1

Stratvs wrote: »

https://www.revenue.ie/en/self-assessment-and-self-employment/documents/guide-pay-file.pdf

Page 11 - "A dependent child is regarded as any
child under 18 years and any child over 18 years who is going to school or college full-time or is in training as an
apprentice."

Many thanks - that's really clear and that link looks really useful. Can't get my head around the idea that I might be classified as self-employed in Revenue's eyes because of the small profit being made from being an accidental landlord whereas my sustenance comes from my PAYE job! Thanks

ted1

Window1 wrote: »

Many thanks - that's really clear and that link looks really useful. Can't get my head around the idea that I might be classified as self-employed in Revenue's eyes because of the small profit being made from being an accidental landlord whereas my sustenance comes from my PAYE job! Thanks

You need to complete a form 12. It’s for PAYE workers who have additional income

Stratvs

ted1 wrote: »

You need to complete a form 12. It’s for PAYE workers who have additional income

Window1 wrote: »

Many thanks - that's really clear and that link looks really useful. Can't get my head around the idea that I might be classified as self-employed in Revenue's eyes because of the small profit being made from being an accidental landlord whereas my sustenance comes from my PAYE job! Thanks

if your non-PAYE income , rents, dividends a self-employment etc. exceeds €5,000pa then you can become a chargeable person and must file a Form 11 not a Form 12.

https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-41a/41a-01-01.pdf

Window1

ted1 wrote: »

You need to complete a form 12. It’s for PAYE workers who have additional income

Thanks for that. I believe if the additional income goes over some amount then you have to switch to self assessed which doesn't make sense to me if the bulk of the income is still PAYE but presumably Revenue will say if I ever reach that amount?

Stratvs

Window1 wrote: »

Thanks for that. I believe if the additional income goes over some amount then you have to switch to self assessed which doesn't make sense to me if the bulk of the income is still PAYE but presumably Revenue will say if I ever reach that amount?

Don't rely on Revenue to do that. Income Tax is self-assessment. Read the link in my previous post. It's up to the taxpayer to determine if they meet the criteria and file accordingly.

Window1

Stratvs wrote: »

if your non-PAYE income , rents, dividends a self-employment etc. exceeds €5,000pa then you can become a chargeable person and must file a Form 11 not a Form 12.

https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-41a/41a-01-01.pdf

Many thanks for all of your responses - would be easier to rent for free I am beginning to think :-)

I read the article you referenced - reading the last bit (attached) - I am wondering if we are joint assessed then could you have rental income to up to 10,000 before Form 11 would kick in? (i.e. up to 5,000 each)

Stratvs

Window1 wrote: »

Many thanks for all of your responses - would be easier to rent for free I am beginning to think :-)

I read the article you referenced - reading the last bit (attached) - I am wondering if we are joint assessed then could you have rental income to up to 10,000 before Form 11 would kick in? (i.e. up to 5,000 each)

If you were separately assessed each would stand with a threshold but jointly it's one threshold. Also, even where filing on F12 the non-PAYE income should be coded in to tax credits so as to collect the tax and not leave it as a balancing amount due at year end. So a person with €4,000 non-PAYE income who is a 20% taxpayer would have €800 collected by deduction form tax credits during the year, that way the tax is largely discharged when the year end return is filed.

https://www.revenue.ie/en/self-assessment-and-self-employment/guide-to-self-assessment/who-should-register-for-income-tax-self-assessment.aspx

Easier to rent for free ? Which is better 50% of the rent or 100% of no rent