Now is the time to prepare all the information to submit your 2010 Tax Return.
Your 2010 Personal Income Tax Return must be submitted to the Inspector of Taxes by 31st October 2011. This Return is a statement of all your income and capital gains for the year ended 31st December 2010.
If you pay and file online using ROS the filing date is extended to 15th November 2011
The following payments must also be made by 31st October 2011:
1. Payment of any balance of Income Tax due for the 2010 tax year; and 2. Payment of Preliminary Income Tax for the 2011 tax year.
Payment of any Capital Gains Tax due for capital gains made in the period 1st January 2011 to 30th November 2011 is payable by 15th December 2011.
Payment of any Capital Gains Tax due for capital gains made in December 2011 is payable by 31st January 2012.
By completing a Tax Return you may be in line for a Tax Refund if you have not claimed all your entitlements.
Have you claimed all your medical and dental expenses?
Have you claimed all your mortgage interest relief on your home and on your investment properties?
Have you claimed credit for Tuition Fees paid to Third Level Colleges?
There are many other credits and allowances that you may be entitled to and you should consult with your tax adviser in relation to these.
