Hi,
My wife and I are both PAYE workers but I have an additional rental income. We got married in 2012 and up until this year have been seperately assessed for income tax. We have informed Revenue that we are married.
My wife earns about €29/30k a year.
I earn €30k + €6k in rental income.
I file a self-assessed return each year for the rental income and have been putting it down for seperate assessment.
Am I correct in assuming under a joint assessment I would effectively have another €2k added to my standard rate cut-off ?
Should I be putting it down for joint assessment ?
Is there any possible downside to having our incomes jointly assessed ?
Do I need to do anything other than ticking the box for joint assessed ?
Can I request a refund for the previous years ? How do I go about doing this ?
My wife and I are both PAYE workers but I have an additional rental income. We got married in 2012 and up until this year have been seperately assessed for income tax. We have informed Revenue that we are married.
My wife earns about €29/30k a year.
I earn €30k + €6k in rental income.
I file a self-assessed return each year for the rental income and have been putting it down for seperate assessment.
Am I correct in assuming under a joint assessment I would effectively have another €2k added to my standard rate cut-off ?
Should I be putting it down for joint assessment ?
Is there any possible downside to having our incomes jointly assessed ?
Do I need to do anything other than ticking the box for joint assessed ?
Can I request a refund for the previous years ? How do I go about doing this ?