Category: Tax Law and Advice

New Property Tax

by admin

Bad news for anyone who thought they might be able to dodge the new property tax is outlined in Section 118 of the new legislation which gives the Taxman power to deduct the property tax from any State payments the property owner might receive. So if you are in receipt of rental income from anyone […]

Film Tax Relief

by admin

The Film Tax relief under Section 481 will be extended to 2020 but from 2016 it will change to a tax credit model it was announced in the recent budget. It would seem that the cost of the film tax relief is costing the government more than if they gave the money directly to the […]

The New Property Tax

by admin

So as expected the household charge is to be replaced by the New Property Tax in 2013. Anyone who hasn’t paid the household charge will now find themselves being subject to Revenue powers. The household charge was the forerunner of the Property Tax and was used to get people’s property details together. The basis of […]

Tax-Free Payment to Employees

by admin

            It’s that time of the year where Employers consider giving a bonus to their Employees. It makes sense therefore to avail of the Small Benefits Exemption. By using this you can make a tax free payment or bonus to your Employee. This effectively means that an employer can provide an employee […]

Tax Reclaim on Expenses and Losses

by admin

Please note that the time limit for reclaiming tax is four years if you pay Income tax or are self employed. For example a medical expense claim for repayment of tax for the year 2008 must be lodged with the Revenue Commissioners by the end of this year to avail of the relief. However the […]

Tax and the Law: Unpaid VAT Sentence Halved on Appeal

by admin

            A car dealer who was jailed for four years has had his sentence halved on appeal to the Court of Criminal Appeal. The man was jailed for four years for failure to pay over 200,000 in VAT. The defendant had pleaded guilty at Dublin Circuit Criminal Court to failing […]

Inheritance and Gift Tax (CAT) for Farmers – An Increasing Liability?

by admin

Farmers should be mindful that Capital Acquisitions Tax (CAT) thresholds have been reduced significantly over recent years and that the tax rates have been increased. A growing number of people are going to find themselves liable to tax charged on gifts and inheritances. Over the last three years, tax free thresholds for gifts and inheritances have […]

Please contact our Freephone number on 1800545454