Rent a Room Scheme in Ireland – How to Earn €14,000 Tax-Free
This is a very good tax relief scheme for individuals who sublet part of their principal private residence for residential purposes while they continue to occupy [...]
Income Tax Exemption for Over-65s – How It Works
Total Tax Exemption There is complete exemption from income tax for individuals aged 65 or over with a low income. See chart below which shows the income limits for tax years 2009 to 2013. From 2011 onwards the income threshold has been reduced to €36,000
Capital Gains Tax Deadlines in Ireland – When & How to Pay
These rules are particularly important for PAYE earners who are not already in the self-assessment tax system. It is very easy to overlook the key tax [...]
Blind Person’s Tax Credit in Ireland – Who Qualifies & How to Claim
This can be claimed where an individual or their spouse is blind during the year of assessment. The additional tax credit for a single person is [...]
Tax Relief for Tuition Fees & Training Courses – How to Apply
Tax relief at 20% is available for third level tuition fees that you have paid for. The maximum amount on which tax relief can be claimed [...]
Home Carer Tax Credit – Who Qualifies & How to Apply
This tax credit was introduced to provide a measure of compensation to married couples where one spouse remains at home to look after family members in [...]
Do You Pay Capital Gains Tax When Selling Your Home in Ireland?
General The disposal of your principal private residence plus surrounding gardens up to a maximum of one acre is exempt from Capital Gains Tax. However if [...]
Sole Trader or Limited Company – How to Choose the Right Structure
The first question to be considered is whether you carry on business in your own name, i.e. Sole Trader or through the medium of a Limited [...]
Trading Through a Company in Ireland – Benefits & Tax Considerations
The principal benefit is limited liability for the debts of the business. In addition a new exemption from company taxation applies from 2009 for new business [...]
Pension Options for Self-Employed – How to Maximize Tax Benefits
This is a very important area of tax relief combined with planning for your future. Please read our detailed article on Pension Funding which provides details [...]
