Preliminary Tax

[plant43]

I live overseas and I had rental income in Ireland in 2019 so I'm filing a Form 11 for 2019. I sold the property during 2019 so for 2020 I am 100% certain that I will have no income in Ireland - do I still need to pay preliminary tax for 2020?

Thanks.

 

[Gordon Gekko]

No. PT can be based on 100% of the prior year liability or 90% of the estimated liability for the current year. No current year liability means no preliminary tax.