I am acting as executor for a deceased relative and am just now getting around to the historic income tax issues. The main income was paye for a private and a state pension and all tax is paid on both. But no returns were made (relative was v elderly and under full time care for dementia) and prior to 2005 when husband died had never had to file a return.
The problem is some dividend income - small enough for the last 4 or 5 years. But two issues I anticipate:
1. Irish dividends would have had dirt deducted but I'm wondering if tax at higher rate should have been paid?
2. There were foreign shares of two types. 4 holdings were held by Irish stockbroker in a nominee account and while tax seems to have been paid in the past by the broker with net dividend being paid that seems to have changed. And then a small number of vodafone shares held in deceased's name.
Any practical advice on how best to deal with this with Revenue much appreciated. To make full historic tax returns or to engage someone to do it would be an lengthy and expensive exercise as the paperwork isn't there and would all have to be reconstituted.
The problem is some dividend income - small enough for the last 4 or 5 years. But two issues I anticipate:
1. Irish dividends would have had dirt deducted but I'm wondering if tax at higher rate should have been paid?
2. There were foreign shares of two types. 4 holdings were held by Irish stockbroker in a nominee account and while tax seems to have been paid in the past by the broker with net dividend being paid that seems to have changed. And then a small number of vodafone shares held in deceased's name.
Any practical advice on how best to deal with this with Revenue much appreciated. To make full historic tax returns or to engage someone to do it would be an lengthy and expensive exercise as the paperwork isn't there and would all have to be reconstituted.