What is exempt from income tax ?
What is exempt from income tax ?
The following income is exempt from income tax, subject to conditions:
- Incomes below €18,000/€36,000 for persons and couples over 65 years old
- Income derived from certain leasing of farm land
- Certain earnings of writers, composers and artists
- Interest on Savings Certificates, Savings Bonds and Instalments Savings Schemes, subject to certain upper limits on holdings
- The discount on certain non-interest-bearing Government securities, and the premium on certain others
- Investment income arising from the investment of compensation payments made by the Courts, or under an out-of-court settlement, in respect of personal injury claims where the individual is permanently and totally incapacitated from maintaining himself/herself as a result of the injury.
Any queries on same give me call on 091 763817 or email me at oliver@taxreturnhelp.ie