shshshshsh
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Hi,
Husband and wife (who doesnt work) assessed jointly. Husband is a PAYE worker on approx 140k gross.
We are letting a house, started in sept 2021. We are trying to figure out if we are chargeable ie need to fill out form 11 or 12.
Sept - Dec rental income = 3000. Not really any deductions for maintenance or capital allowances. Mainly just insurance/mortgage interest/PRTB.
Husband works for an Irish Office of a US company, he got about $10k of shares (RSU) which vested in 2021, I think it was more than this that he got, but about half of the shares were held to pay tax before he received them. He has not sold them.
He also withdrew the dividend relating to these shares, which amounted to about $400. Im not sure if there was tax withheld on these too.
Does the shares vesting have any effect on whether we are chargeable? and do they need to be included in any tax return or is it just when they are sold?
Are the dividends included in non PAYE income? and are they classed as foreign or irish income?
Looking at his employment detail summary, there is a difference of about 10k between 'gross pay' and 'pay for income tax'. Is this likely to be the shares or pension contributions maybe?
Lastly we are tempted to try tax return ourselves as there is only 4 months rental and seems straightforward enough but Im worried about getting the shares dividends wrong even though all the amounts are relatively small. Would it be advised to get an accountant to do this or would it be reasonable to think we could do the return ourselves.
Husband and wife (who doesnt work) assessed jointly. Husband is a PAYE worker on approx 140k gross.
We are letting a house, started in sept 2021. We are trying to figure out if we are chargeable ie need to fill out form 11 or 12.
Sept - Dec rental income = 3000. Not really any deductions for maintenance or capital allowances. Mainly just insurance/mortgage interest/PRTB.
Husband works for an Irish Office of a US company, he got about $10k of shares (RSU) which vested in 2021, I think it was more than this that he got, but about half of the shares were held to pay tax before he received them. He has not sold them.
He also withdrew the dividend relating to these shares, which amounted to about $400. Im not sure if there was tax withheld on these too.
Does the shares vesting have any effect on whether we are chargeable? and do they need to be included in any tax return or is it just when they are sold?
Are the dividends included in non PAYE income? and are they classed as foreign or irish income?
Looking at his employment detail summary, there is a difference of about 10k between 'gross pay' and 'pay for income tax'. Is this likely to be the shares or pension contributions maybe?
Lastly we are tempted to try tax return ourselves as there is only 4 months rental and seems straightforward enough but Im worried about getting the shares dividends wrong even though all the amounts are relatively small. Would it be advised to get an accountant to do this or would it be reasonable to think we could do the return ourselves.