How to Buy an Investment Property in Ireland – Tax & Legal Guide
What entity should own the property? The first matter for consideration is who or what entity should acquire the property. This will be influenced by the [...]
Benefits in Kind (BIK) – Tax Rules & How to Calculate BIK
General The tax due on benefits in kind are taken at source by your employer and are also taken into account for PRSI and USC Levy purposes [...]
Calculating Rental Income for Tax Purposes – A Guide for Irish Landlords
1 Identify Gross Rental Income Residential property in Ireland is normally let on a twelve monthly basis by way of formal lease. This lease document is [...]
Strategies to Reduce Inheritance & Gift Tax in Ireland
Advice in advance is the only way to plan for this tax in the hope of reducing future liabilities or else providing funds in a tax [...]
Use of Trusts
The use of trusts may be beneficial in deferring tax liabilities. Assets may rest in a trust with no individual having a beneficial interest therein. However [...]
Understanding Business Asset Taxation in Ireland
There is a special relief where the benefit obtained consists of certain business assets e.g. shares in a family trading company or taking over a business [...]
How Inheritance & Gift Tax Applies to Property Investors in Ireland
This tax needs to be borne in mind if property is intended to be passed on within the family. There is no tax due on transfers [...]
CAT Tax Relief for Residential Property – A Guide for Homeowners
Dwelling House Exemption for Capital Acquisitions Tax This relief is of particular importance for parents transferring properties to their children, which they will use as their [...]
Payment of Tax Due
Gift and inheritance tax (capital acquisitions tax) is dealt with under the self assessment tax system and the obligation is on you to ensure that [...]
Planning Your Estate – How to Reduce Inheritance & Gift Tax
Step 1- List out all your assets and their estimated value. Deduct any mortgages or liabilities from the value of the assets. Step 2- Decide who [...]
