Who is exempt from DIRT?
Who is exempt from DIRT?
Deposit interest retention tax is currently charged at 37% for 2018 and will be 35% for 2018
You can receive interest without paying DIRT (DIRT-free account) in certain conditions. To do this, you must complete a declaration form stating that you, your spouse or civil partner are:
- 65 years of age or over when making the declaration. Your total income for the year, including the interest, must be below the annual exemption limit.
- permanently incapacitated due to a physical or mental disability.
DIRT is not charged on interest from the accounts of:
- individuals who meet all of the following conditions:
- are not resident in Ireland
- have completed a non-resident declaration
- do not pay tax in Ireland
- do not have a joint account with an Irish resident.
- companies that pay Corporation Tax
- Revenue-approved pension schemes
- charities.
Any queries give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie