An exemption from paying Local Property Tax was introduced to all homeowners that purchased a property in 2013. This exemption is due to end this year and therefore homeowners that purchased their home in 2013 will be liable for property tax for the 1st time in 2020....
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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