DIRT declaration in Form 11

J

jrewing

Registered User
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554
Hi,

Up to last year, Form 11 asked for the total amount of DIRT paid. Now, due to changes in DIRT, it now asks for the following:

Gross Deposit Interest received on which DIRT was deducted
(i) In respect of the period 1/1/2009 - 7/4/2009 taxable at 23%
(ii) In respect of the period 8/4/2009 - 31/12/2009 taxable at 25%
(iii) In respect of the period 1/1/2009 - 7/4/2009 taxable at 26%
(iv) In respect of the period 8/4/2009 - 31/12/2009 taxable at 28%

However, my DIRT certificates from the banks do not break the DIRT payments down into the four periods specified. Do I now have to go back to them and ask for new letters ?

Thanks
JR
 
Are the interest amounts significant? If so, get a full statement. Otherwise use estimates.
 
I would assume that the date of payment of the interest is what's relevant? and you should have a record of that? Usually for most accounts that's just once per year.

ix.
 
Just to clarify on this point...

I had a regular savings account that “matured” in 2010, which was when the interest was paid into the account although I was putting money in for 6 months of 2009 (It looks like DIRT was deducted). Do I need to declare some portion of this interest in the 2009 tax return, or is it just about when interest was paid (rather than when it was being “earned”)?

T McGibney's post above would seem to imply the latter..?

Thanks.
F'OB
 
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