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Rent a Room Relief

So the kids have flown the nest, you find yourself with empty rooms in your home and living on your pension. Your most prized asset, being your family home, could also become a source of tax free income for you.

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Retirement Relief

 

Retirement Relief may apply to business owners who either sell or gift their business where a gain has arisen on its disposal. This relief allows an exemption from Capital Gains Tax (CGT) at 33%.

Contrary to its title “Retirement Relief”, you do not actually have to be retiring to avail of this relief. Read more

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Annual Gift Exemption

In general, a gift from one individual to another may result in either Capital Acquisitions Tax (CAT) at 33% falling due, or a reduction in the recipient’s lifetime tax free threshold.

However, CAT legislation allows for an exemption from tax for the first €3,000 of any gift given by one individual to another, per year. Read more

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Dwelling House Relief

Dwelling House Relief allows for a residential property to be passed to an individual free of Capital Acquisitions Tax (CAT), once certain conditions have been met.

Due to this relief being “used in a manner that was outside the original intention”, The Minister for Finance proposed a number of changes in the last budget, which were signed into law on the 25th December 2016.

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