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 [...]
Annual Gift Tax Exemption in Ireland – What You Need to Know
Annual Gift Tax Exemption Every person can receive up to €3,000 per annum by way of gift from any one donor. This means in the case [...]
Tax-Free Thresholds in Ireland – What You Can Earn or Receive Tax-Free
Everybody is entitled to a certain amount free of any capital acquisitions tax. This is known as your tax-free threshold. The amount of tax-free threshold depends [...]
How Gift & Inheritance Tax Works in Ireland – Thresholds & Reliefs
Overview of Gift & Inheritance Tax We provide information on the following: Tax Free Thresholds Plan Affairs To Reduce Inheritance / Gift tax in the Future? [...]
Tax Benefits & Rules for Leasing Farm Land in Ireland
There is a complete exemption from tax subject to certain limits for the long term leasing of farm land. From 2004 onwards the owner of the [...]
Child Minding Tax Exemption in Ireland – A Guide
Total Tax Exemption A tax exemption applies for income earned from child minding services. The income earned cannot exceed €15,000 per annum. This is specifically aimed at people who mind children in their own homes. This is a very good tax relief and means a stay at home spouse could earn up to €15,000 per annum tax free and the working spouse could still claim the Home Carer Tax Credit
Tax Relief on Charitable Donations in Ireland – A Guide
Tax relief is available for individuals and companies in relation to donations to a charity or other approved body in any tax year. To qualify for [...]
Deeds of Covenant in Ireland – Tax Relief & Eligibility
TAX SAVING TIP Deeds of Covenant are a very good way of providing financial assistance to elderly parents in a tax efficient manner. Depending on the income [...]
How to Claim Tax Relief on Income Protection Insurance
Who can Claim? An Individual who pays a premium on a policy to secure the continuance of income and payment of benefits during disablement through accident, [...]
Tax Relief on Medical Expenses – How to Get a Tax Refund
Health Expenses Many people overlook the tax claim which is available in respect of medical expenses. Tax relief is available at the 20% tax rate for all medical expenses [...]
