Michael Finucane
Question:119 Mr. Finucane asked the Minister for Finance the revised tax allowances which will apply for a person (details supplied) in County Limerick; and when the arrears will be paid. [16765/99]
Written Answers. - Tax Allowances.
I am informed by the Revenue Commissioners that the taxpayer's tax free allowances for the current tax year, 1999-2000, are as follows:
|
Married person's allowance |
£8,400 |
|
PAYE allowance |
£1,000 |
|
Total |
£9,400 |
|
Less: |
|
|
Rent receivable |
£6,000 |
|
Net tax free allowances |
£3,400 |
As the taxpayer is in receipt of rental income paid without deduction of tax, it is necessary to reduce his tax free allowances by an amount equal to the rent received in order to collect the tax due on that rent.
I am further informed by the Revenue Commissioners that return of income forms will issue shortly to the taxpayer. When these are completed the inspector will be in a position to undertake a complete review of the taxpayer's overall liability and make any refund which may be due.