Joint assessment

Hi all

I know this thread has come out already few times but i am wondering if i could get some clarification on my personal situation. married in 2006 couple A+B
tax status : separate assessment

Person A

Earns 45000 p.a. -
Own property 3bedsemi since 2003 and pays own motagage as single person

Person B
Earns 70000p.a.
Own property 3bedsemi since 2004 and pays own mortgage as single person

now married in 2006 house of person B became non principle place of residency and we are declaring tax on it as since 2008 we have been renting 2 rooms in the house.

would it be more advantageous for us to change our status into joint assessment.
Many thanks

R

You both earn pay tax at the marginal rate, so there is no difference in separate assessment and joint assessment.

If you use a tax calculator like www.taxcalc.eu you can see for yourself.

I just put your salaries in separately and them together as a married couple and the take home pay is the same.

You can do this yourself and make it more accurate by adding the rental income and adjusting for pension etc.

Hi

You will never ever loose out by becoming jointly assessed. You will at worst only pay the same tax that you would have paid if you were both assessed seperately.

The revenue automatically put you at joint assessment (other then in the year of marriage)

Kind Reagrds

capnhand

capnhand said:

The revenue automatically put you at joint assessment (other then in the year of marriage)

Click to expand...

Only if you actually informed them of the marraige

thanks for reply guys ...will check taxcalcu!!!