Tax tips for employees

As a dual income couple, the amount you will be taxed at the 20 per cent band is €38,000 plus whatever is lower: €20,400 or your spouse's income. 1. Become a dual income couple

5th February, 2005

1. Become a dual income couple

As a dual income couple, the amount you will be taxed at the 20 per cent band is €38,000 plus whatever is lower: €20,400 or your spouse's income. So to ensure you avail of the full €58,800 band at 20 per cent, it makes sense, if possible, to transfer up to €19,000 of rental or other income to your spouse. This causes no tax complications as asset transfers between spouses...

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