A civil partner couple can be exempted from DIRT in 2020 only if: (i) at least one of them is over age 65. (ii) their combined total income for 2020 is less than €36,000. (iii) their total deposits with all deposit takers does not exceed €200,000.

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Prepare for the Qualified Financial Adviser Exam 2 with flashcards and multiple choice questions, complete with hints and explanations. Get exam-ready and increase your confidence with our comprehensive study materials!

Multiple Choice

A civil partner couple can be exempted from DIRT in 2020 only if: (i) at least one of them is over age 65. (ii) their combined total income for 2020 is less than €36,000. (iii) their total deposits with all deposit takers does not exceed €200,000.

Explanation:
DIRT exemption for deposit interest for civil partners depends on age and income. If at least one partner is 65 or older and the couple’s combined income for the year is under €36,000, their deposit interest can be exempt from DIRT. The deposit total cap of €200,000 does not affect eligibility for this exemption in 2020, so it isn’t a required condition. Therefore, the correct choice is the one that includes both (i) and (ii) only.

DIRT exemption for deposit interest for civil partners depends on age and income. If at least one partner is 65 or older and the couple’s combined income for the year is under €36,000, their deposit interest can be exempt from DIRT. The deposit total cap of €200,000 does not affect eligibility for this exemption in 2020, so it isn’t a required condition. Therefore, the correct choice is the one that includes both (i) and (ii) only.

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