Completing Tax form 11s

E

eames

Registered User
Messages
3
i am trying to help an old man with his form 11S he has old age con pen of €12376 + gross income from farm €22,180 less farm expenses of €13,000 leaving net farming income of €9180. He is 74, single, full medical card, my query is related to his payment, I am not sure how to caqlculate it, does he pay USC on total Pension and Farm income also is the OACP taxable or just the farm income. ? any help with the calculation would be appreciated.Thanks
 
Payments from the DSP are exempt income for the purposes of USC (AFAIK) So his pension would be taxable income but not liable to USC (and he's not liable for PRSI due to his age either). Maybe there are also special rules surrounding farmers too, but I have no idea about that.
 
You must log in or register to reply here.
Back
Top