Written answers

Tuesday, 3 February 2009

9:00 pm

Photo of Seán BarrettSeán Barrett (Dún Laoghaire, Fine Gael)
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Question 206: To ask the Minister for Finance if special consideration in extending the four year refund limit for DIRT will be given to a person (details supplied) in County Dublin; and if he will make a statement on the matter. [3543/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I have been advised by the Revenue Commissioners that the person in question has not been in contact with Revenue in relation to this matter.

A person of 65 or over can claim exemption from DIRT once their total income is below the relevant annual exemption limit. The current annual exemption limits are €20,000 for a single person and €40,000 for a married couple.

Forms 54 D have issued to the taxpayer for the years 2005-2008 for completion. The person should return the forms duly completed to his local tax district. Where his total income is below the relevant exemption limits for these years, refunds will be made in respect of the DIRT.

The Finance Act 2007 introduced new arrangements that allow DIRT — free deposit accounts where the person is over 65 and his income is below the exemption limit as mentioned above. A form DE1 has also issued to the taxpayer in this regard. On completion of same, the person should forward the form to his financial institution who will arrange to pay any future deposit interest without the deduction of DIRT.

Section 865(4) Taxes Consolidation Act 1997 provides that any claim to tax relief made after 01/01/2005 must be made within four years after the end of the year of assessment to which the claim relates. There is no legal basis to extend the four year limit.

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