L
Larrie
Guest
I am over 70, the tax exemption for myself and my wife is 36,000. My gross pension is 31,160 but I will earn this year a further 6,000 interest on deposits. This will bring me to 37,160.
1. Can I apply for DIRT relief on my interest?
2. If I don't apply for it the dirt on the interest will be 1800 again bringing me below the income tax exemption threshold. Will I still qualify for my age exemption.
3. If I could apply for DIRT relief and were granted it, how much tax would then be due on the 37,160
1. Can I apply for DIRT relief on my interest?
2. If I don't apply for it the dirt on the interest will be 1800 again bringing me below the income tax exemption threshold. Will I still qualify for my age exemption.
3. If I could apply for DIRT relief and were granted it, how much tax would then be due on the 37,160