Latest Irish Tax News

The ITAS Accounting blog brings you the latest Irish tax news and finance news, including the latest Revenue updates, amendments to legislation, tax deadline reminders, tax tips, business tips and more.

Five Money Saving Tips for Small Businesses

Five Money Saving Tips for Small Businesses

Running a small business? It's crucial to manage your finances wisely to ensure long-term success. Here are five money-saving tips to boost your bottom line: Review your expenses regularly and identify areas to cut costs. Keep your business finances in check by...

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Being a Landlord: Does it Pay?

Being a Landlord: Does it Pay?

Over recent years many people who have never had any ambitions to be a landlord, have found themselves reluctantly becoming one. Having outgrown their home for which they overpaid, they are left with no option but to rent it out, as selling is simply not an option....

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Rent a Room Relief

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. Introduced to increase the availability of residential...

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Retirement Relief

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...

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Annual Gift Exemption

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...

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Dwelling House Relief

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...

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Inheritance & Gift Tax

Inheritance & Gift Tax

Capital Acquisitions Tax (CAT) is a charge on both inheritances & gifts over certain limits. With Revenue receipts from CAT up over 65% since 2011 this area of taxation has become more and more researched when it comes to providing for your nearest and dearest, in...

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Disclaimer

The material contained on this website is for general information purposes only and does not constitute legal or other professional advice, it is deemed correct at the time of publishing, and may be from third party sources.