| |
You are here: Home >> News Section >> Taxation Implications on Separation and Divorce |
| |
| News: Taxation Implications on Separation and Divorce |
| |
| If you separate whether by way of a Separation Agreement, Judicial Separation, or a Divorce it is essential that you advise the Revenue Commissioners of the fact of your Separation so that necessary adjustments can be made to your Tax position. | | |  | When a couple separate and no maintenance payments are made, each Spouse will be taxed as a single person and will be responsible for filing his or her own Tax Return and paying Tax on his/her own income. |
| | When maintenance payments are made on foot of a Court Order or a Deed of Separation, these payments are made without deduction of Tax. The Spouse who makes the payments is entitled to a Tax deduction for them. |
| | The Spouse who receives the maintenance is taxable on the payments. |
|
| |
|
| Both Spouses are taxed as single persons (unless they opt to be taxed as a married couple). |
|
| Maintenance payments made for the benefit of children are ignored for Tax purposes. The payments are made without deduction of Tax. The payer is not entitled to a Tax deduction for the payments. |
|
| The payments are not taxable. |
|
| The payments are not regarded as income of the child. |
|
| |
| When a couple obtain an Irish Divorce: |
| |
| Maintenance payments are again made without deduction of Tax. |
|
| The Spouse who makes the payments is entitled to a Tax deduction for them. |
|
| The Spouse who receives the maintenance is taxable on the payments. |
|
| Both Spouses are taxed as single persons. |
|
| There are a variety of very useful leaflets issued by the Revenue Commissioners which deal with how married couples are treated for tax purposes. |
|
|
|
|
| |
| |
| |
| |
 For further information, please contact Marion Campbell Solicitors by calling (01) 475 9345, or by filling out an on-line enquiry form. |
