Home   Additional incomes  

Deposit Interest Retention Tax (DIRT)

  1. Overview
  2. How do you declare DIRT?
  3. Who is charged DIRT?
  4. Who is exempt from DIRT?
  5. Changes to the status of DIRT-free accounts
  6. Can you claim a DIRT refund?
  7. Non-resident account holder

Changes to the status of DIRT-free accounts

If your circumstances change, it may affect your exemption from DIRT. These circumstances include where:

  • your total combined income exceeds the relevant exemption limit
  • your total combined income exceeds your combined tax credits
  • the person who owns the interest has changed and this new owner is not your spouse or civil partner
  • your spouse or civil partner has died and you are under 65 years of age
  • you have divorced or dissolved a civil partnership and you are under 65 years of age
  • your spouse or civil partner has died and you are not permanently incapacitated
  • you have divorced or dissolved a civil partnership and you are not permanently incapacitated.

If any of the above circumstances change, it is your responsibility to notify:

  • the financial institution of any changes, if you are over 65 years of age
  • and
  • Revenue of any changes for permanently incapacitated individuals.

Next: Can you claim a DIRT refund?

Published: 21 March 2023 Print this page

Back to homepage Back to top