Tax

Points on Dwellinghouse Relief

With rising income and wealth in Ireland and the fact that families tend to be smaller than historically, the parent-to-child Class A threshold can easily…

Estate Income Tax Clearance – Part 2

This is a short note to help those solicitors who may be running the income tax clearance procedure themselves inhouse rather than outsourcing it to…

Managing Income Tax Clearance – Part 1

In the view of the author of this blog series certainly the most significant change to probate practice over the last number of years has…

Dwellinghouse Relief and Owning Other Property

You may be familiar with dwellinghouse relief. Here a donee will be exempt from CAT where they inherit a dwellinghouse if certain conditions apply. These…

Stage Payments of Outstanding CAT

Beneficiaries don’t often enjoy having to pay CAT. However, in many cases, the are funds in the estate to meet the liability. What are the…

Transfer of Dwellinghouse or Site

I wanted to share a recent case with you related to issues on transferring a site which also comes up from time to time in…

Prior Gifts – Gathering information

In my last blog we looked at the importance of gathering information for prior gifts. Very often clients have been given gifts of property or…

New CGT Clearance for Non-Residents

In previous blogs, I talked about the secondary liability of solicitors in relation to capital gains tax liabilities when property in Ireland is sold by…

New Guidance on Rights of Residence

Revenue by means of ebrief 163/22 of the 1st of September 2022 has issued consolidated guidance on the treatment of rights of residence. Essentially an…

Certificate of Discharge and First Registration

Just a quick reminder that when making a first registration application to the Land Registry based on possession, you will need to obtain clearance from…