Hi All,
We are a married couple:
I work in Northern Ireland paying tax as a PAYE in the north.
My wife works in the South and pays tax as PAYE in the south.
We have two rental properties in the south, one in my wifes name and one in my name.
Because of the rental properties we have an accountant who files our Income tax returns for us. As part of this process both our incomes PAYE and Rental income are calculated (again) and the Crossborder allowance is applied.
This gives us the additional tax we should pay per year.
For the last 3 years this additional tax has come to about €4,700.
However, we have asked our accountant to perform a test and calculate our tax as if we were individually accessed.
The new figure has come out at a reduced €3,003.
That would mean that by being singularly accessed would save us approx whopping €1,700 per year.
We have been paying tax like this for 3 years so in essence we have overpaid tax by €5,100
We are going to apply to be singularly taxed for 2015, however how can we get back the €5,100 we have overpaid?
It appears that the rules state that you cannot backdate to being singularly accessed for tax.. in other words we cannot get this money back.
Does anyone have any knowledge about this or ideas how we may get this overpaid tax back?
thanks in advance
We are a married couple:
I work in Northern Ireland paying tax as a PAYE in the north.
My wife works in the South and pays tax as PAYE in the south.
We have two rental properties in the south, one in my wifes name and one in my name.
Because of the rental properties we have an accountant who files our Income tax returns for us. As part of this process both our incomes PAYE and Rental income are calculated (again) and the Crossborder allowance is applied.
This gives us the additional tax we should pay per year.
For the last 3 years this additional tax has come to about €4,700.
However, we have asked our accountant to perform a test and calculate our tax as if we were individually accessed.
The new figure has come out at a reduced €3,003.
That would mean that by being singularly accessed would save us approx whopping €1,700 per year.
We have been paying tax like this for 3 years so in essence we have overpaid tax by €5,100
We are going to apply to be singularly taxed for 2015, however how can we get back the €5,100 we have overpaid?
It appears that the rules state that you cannot backdate to being singularly accessed for tax.. in other words we cannot get this money back.
Does anyone have any knowledge about this or ideas how we may get this overpaid tax back?
thanks in advance