The first instalment of Capital Gains Tax for 2013 is due for payment on or before 15 December 2013. This payment relates to gains arising on disposals of chargeable assets by individuals made between 1 January 2013 and 30 November 2013. For disposals made in December 2013 the payment is due on or before 31 […]
Category: News
Newsletter November 2013
Our November newsletter is now available. This issue covers: SEPA – Is your business ready Tax Briefing Printing and Business Networks Business Briefs Wills and Divorce Legal Briefs Property Incentives Investments Read all about them in the newsletter […]
Is Your Business Prepared For The SEPA Deadline?
An EU regulation set 1, February, 2014, as the date by which all users of electronic payments in the Single Euro Payments Area (SEPA) must migrate from ‘domestic only’ payment systems to a pan-European equivalent. All businesses must conform to the new SEPA standards before the stated end-date of 1 February. This means big changes […]
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Finance Bill 2013
As stated by Chartered Accountants Ireland, The Finance Bill includes details on the main new income tax reliefs; the Home Renovation Incentive and the Start Your Own Business Relief. The Bill gives legislative effect to these reliefs and the other tax measures announced in the Budget. A number of further tax measures are included in […]
The Taxation of Irish Rental Income
All PRTB affairs must be in order to secure an interest deduction for residential rental properties. As stated in the Citizens Information, The Private Residential Tenancies Board (PRTB) is an organisation set up by the Government of Ireland. Its main role is to provide a dispute resolution service for landlords and tenants. The PRTB is […]
CAT Planning
If you receive a gift, you may have to pay Gift Tax on it. If you receive an inheritance following a death, it may be liable to Inheritance Tax. Both these taxes are types of Capital Acquisitions. The benefit (the gift or inheritance) is taxed if its value is over a certain limit or threshold. Different tax-free thresholds […]
Taxation of Pensions
The closing date for relief on personal pension contributions for the 2012 tax year is 14th, November, 2013. The relief available on contributions is linked to the age of the contributor and an overall income threshold. The relevant information is as follows: Age % of Net Relevant Earnings Up to 30 years 15% 30 but […]
R & D Tax Credits
Is your company carrying out R&D work? You have the potential for a Tax refund. The R&D Tax Credit scheme has been a strong motivation in attracting foreign direct investment to Ireland, as well as encouraging domestic R&D activity since 2004. The R&D Tax Credit claim process requires clear and precise identification and documentation of qualifying […]
Finance Bill 2013
The Finance Bill 2013 has now been published. This gives effect to the announcements made at the recent budget. You can read it here http://taxpolicy.gov.ie/tax-legislation/current-finance-bill/ […]
IMPORTANT – LPT AND PERSONAL TAX
Local Property Tax (“LPT”) and Personal Tax Returns Now that we are approaching the deadline for the submission of personal tax returns please be aware of the following: If you are obliged to submit a personal Income Tax return or a personal Capital Gains Tax return and you do so, but are not fully compliant […]
