Tax refund after lump sum...

P

paperclip

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Hi, I'm on a 2 year career break from work. I'm receiving 10k for each year.

I've been away since Jan, and haven't done paid work since then. I'm currently working as a volunteer for an NGO.

I was taxed almost half of the lump sum, and received refunds throughout the year... I'm still owed just over 1k... the 10k is well bellow the taxable income.

My living costs are pretty low, but my money is really tight now... Is it possible to receive the full 10k next year, or even get the tax refunds quicker?

When I was on to them last year, they were very helpful, except one woman, who kept asking me about my house... and that I should be living there since I'm receiving mortgage relief... I'm joint owner, and my housemate is living there... so, the house is still owner occupied, right?

So, basicly, can I receive my tax back quicker is all I need to know... or do I just have to keep on contacting them throughout the year, asking for my money?

Cheers.
 
paperclip said:
When I was on to them last year, they were very helpful, except one woman, who kept asking me about my house... and that I should be living there since I'm receiving mortgage relief... I'm joint owner, and my housemate is living there... so, the house is still owner occupied, right?
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No - it is not your PPR as you don't live there so you are not entitled to mortgage interest relief at source.

How are you paying your half of the mortgage
 
paperclip said:
When I was on to them last year, they were very helpful, except one woman, who kept asking me about my house... and that I should be living there since I'm receiving mortgage relief... I'm joint owner, and my housemate is living there... so, the house is still owner occupied, right?
Click to expand...


DB74 said:
No - it is not your PPR as you don't live there
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This is highly debatable, based on the OP's situation as described. If the amounts are significant, the OP should consider getting specialist legal / tax advice.
 
T McGibney said:
This is highly debatable, based on the OP's situation as described. If the amounts are significant, the OP should consider getting specialist legal / tax advice.
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Why is it highly debatable?

Looks quite clear-cut to me
 
It is my PPR, I haven't rented anywhere else since... plus it is owner occupied... co owner lives there... so, owner occupied.

I guess I could return if I had to... seems a bit stupid, as I'd more than likely have to sign on. At least this way, I can do some good with my time, and not sign on..
 
From Revenue website:

An individual's principal private residence at any time is the building or part of a building occupied by the individual as his or her only or main residence

It doesn't mention renting somewhere else or renting out your own property or anything like that. Just where you actually live.
 
So what about someone who's traveling/volunteering, for a couple of weeks, a month, a couple of months?

All my bills/correspondence still go to this address... I haven't changed any of that...

I'm probably heading home for Christmas, so can drop into the tax man then, just looking for a heads up on here.


DB74 said:
From Revenue website:

An individual's principal private residence at any time is the building or part of a building occupied by the individual as his or her only or main residence

It doesn't mention renting somewhere else or renting out your own property or anything like that. Just where you actually live.
Click to expand...
 
DB74 said:
From Revenue website:

An individual's principal private residence at any time is the building or part of a building occupied by the individual as his or her only or main residence

It doesn't mention renting somewhere else or renting out your own property or anything like that. Just where you actually live.
Click to expand...


If the issue is that cut-and-dried, why then have Revenue felt the need to publish extensive [broken link removed] on the operation of PPR relief? These notes are now available under FOI.

The OP may be interested in my blog article on this topic in relation to the Ivor Callely 'PPR' controversy.
 
We can argue over this until we're blue in the face but we're never going to agree so might as well draw a line under it now.

IMO the provisions under the CGT Acts which allow for a period of absence to be counted as not liable to CGT are very specific to CGT only and don't necessarily apply to otehr tax areas
 
I didn't know there was an argument. :confused: All I said was that the issues suurrounding the concept of PPR (which is relevant to both mortgage interest relief and Capital Gains Tax) are perhaps a bit more complex than allowed for on Revenue leaflets. The OP would be wise to investigate the actual position if these issues impact on their own situation.
 
Sure I was shouting at the screen and everything! ;)

Yeah I agree that it's complex but that would be my opinion anyway
 
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