Category: Tax

17 Aug

How can I reduce or avoid inheritance tax?

Inheritance Tax Nobody likes paying tax but Inheritance Tax in particular is a tax that really annoys a lot of people. It’s a contentious tax and is often used to garnish votes at election times by politicians promising to abolish or raise the tax threshold on the tax. The tax can be viewed as a […]

03 Nov

Save up to 40% on your Life Insurance

Nobody likes taking out Life Insurance but nobody every complains when a Life Insurance claim is paid out. We need Life Insurance at various stages in our lives, not so much when we are young but as we get older we need Life Cover to get a mortgage and if we get married and have […]

20 Oct

Budget 2018

Budget 2018 – Summary of the main changes Standard Rate Income Tax Bands The Standard Rate Income Tax Band will increase by €750 from 1st Jan 2018. 20% Rate                        40% Rate Single Person                       […]

06 Oct

Retirement Relief Checklist

What is Retirement Relief Capital Gains Tax (CGT) is charged when a person makes a chargeable gain on the sale or disposal of an asset. The current rate of Capital Gains tax is 33%. In simple terms, if you purchased an asset for €100,000 and then sold it 10 years later for €200,000 you would […]

22 Sep

Pension Payments Deadline 2017 – Important Dates

Individuals who both pay and file their tax returns through the Revenue On-line Service (ROS) have until Thursday 16th November 2017 to pay a pension contribution and elect to backdate the income tax relief against the 2016 tax year. Those who do not qualify for the ROS extension must do this by 31st October 2017. […]

19 May

How can I best use the €3,000 small gifts exemption

The current rate at which Capital Acquisitions Tax (CAT) is charged is 33 %  and applies to a gift or an inheritance in excess of the thresholds. Capital Acquisitions Tax Thresholds for 2017 €310,000 (Group 1)- Child, or minor child of a deceased child. €32,500 (Group 2) – Brother, sister, child of a brother sister, lineal […]