Archive for March 2024
Changes to the Fair Deal Scheme
Just a quick reminder to some of key changes to the fair deal scheme which have come into effect over the last number of years Care Representative With the advent of the Assisted Decision-Making (Capacity) Act 2015, the ability to appoint a care representative has been removed and now replaced with a DMR under the…
Read MoreVoluntary Transfers and Non-Residents
Overview A question arises about liability to capital gains tax for solicitors when they are assisting non-resident beneficiaries with respect to voluntary transfers of land. We might be familiar with S 45AA of the Capital Acquisitions Tax Consolidation Act 2003 (CATCA). Essentially this is the section that imposes secondary liability for CAT for solicitors who…
Read MoreTitle on Renunciations and Other Forms
Just a quick note to say that if you are submitting renunciations or powers of attorney with your oaths, its important that you replicate the title on these forms just as much as in the oath. Otherwise, your application will be queried. There is no clear indication that this is the position, because the main…
Read MorePrincipal Private Residence Relief and Nursing Home Residence
PPR Relief As most practitioners are aware principal private residence relief is a CGT relief that allieves a taxpayer from having to pay CGT on selling their home. Like many reliefs, there are of course rules and exceptions. One that generally comes up in practice are clients trying to “game” the relief in circumstances where…
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