AITI Chartered Tax Adviser
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Tax Guide 2019

Published on

A handy 90 page pocket summary of tax rates, tables, reliefs, exemptions, and tips.
Click here to download your free ebook/pdf.
 

CONTENTS
Income tax: charge to tax – residence – income tax rates (including back years) – exemptions – Schedules – personal reliefs and tax credits – other reliefs – capital allowances – losses –

Budget 2019

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Download budget 2019 summary by clicking here

Tax Guide 2018

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You can now download our Tax Guide 2018 here: Download Tax Guide 2018

VAT on biscuits

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Budget 2018

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Download budget summary by clicking here.

Entrepreneur relief – how do I qualify?

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TCA 1997 s 597AA provides that a chargeable gain from disposal of chargeable business assets is subject to CGT at 10%.
Tip
1. Unlike retirement relief (which provides exemption where sales proceeds do not exceed €750,000), entrepreneur relief applies where the chargeable gain does not exceed €1,000,000.
2. The assets must have been

Non-residence – it’s not that simple

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To the man in the street (and many professionals!) in order to become “non-resident” and thereby escape the Irish tax system, you need only spend less than 183 days in Ireland.
Tip
In order to become non-resident for tax purposes you need to satisfy two tests:
(a) You must spend less than 183

Disclosure of offshore income and assets

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Undeclared foreign income – 10% or 100% penalty?
This may affect you if you or your spouse have:

A foreign bank account and have not paid tax on the funds lodged to the account or the interest earned by the account.
A foreign investment portfolio (shares or interest in a managed fund) and

Illegality – an observation

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Water charges – “I would expect them to deliberate on that and continue their work until such time as they bring forward their views and their recommendations to the Oireachtas. Clearly, you are not going to implement something that is illegal.” [contradicts EU law] Enda Kenny
Taxation of multinationals – Noonan

Gift of dwellinghouse

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CATCA 2003 s 86 dwelling house relief is being amended (Finance Bill 2016 Committee Stage) so that it no longer applies to gifts of dwelling houses, unless to a dependent relative:
(5) For the purposes of subsection (4), a dwelling house shall not be regarded as a relevant dwelling house where

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