Hi All,
My OH is currently non-resident as he has been working abroad for a number of years. We have a rental property here in Ireland and split the rental income on our tax returns. OH has a small liability each year, last year was approximately 800e; this year (for 2014) will be slightly higher. Can he contribute to a pension to reduce this tax liability? I am not sure if his non-resident status affects this? He is 45. Are we too late to make contributions now against the 2014 tax return?
Similarly, I have PAYE, self-employed and rental income in Ireland. Last year I had a tax liability of approximately 1800 on my tax return; this year (for 2014) will be approximately 2000. I am 39; would I be right in saying I would have to contribute 9-10k to a pension in order to reduce my tax liability to zero?
Thanks in advance,
Nutso
My OH is currently non-resident as he has been working abroad for a number of years. We have a rental property here in Ireland and split the rental income on our tax returns. OH has a small liability each year, last year was approximately 800e; this year (for 2014) will be slightly higher. Can he contribute to a pension to reduce this tax liability? I am not sure if his non-resident status affects this? He is 45. Are we too late to make contributions now against the 2014 tax return?
Similarly, I have PAYE, self-employed and rental income in Ireland. Last year I had a tax liability of approximately 1800 on my tax return; this year (for 2014) will be approximately 2000. I am 39; would I be right in saying I would have to contribute 9-10k to a pension in order to reduce my tax liability to zero?
Thanks in advance,
Nutso