Tax
News, Tax
New Revenue Clearance Procedures
A significant development with respect to the streamlining of probate administration has recently occurred with the launch by Revenue of a new clearance system for…
Tax
A Note on Consanguinity Relief
Just a short note on consanguinity relief. This is the stamp duty relief for farmers where the stamp duty rate is 1% from the usual…
Tax
Prior Gifts, Aggregation and the Small Gift Exemption
Just a short reminder. We all know that we must aggregate prior gifts and inheritances going back to 5 December 1991. If there was a…
Tax
Notice of Assessments and CGT
Just a quick note. Payment of income tax is by means of self-assessment. Any assessment other than a self-assessment is known as a Revenue Assessment…
International, Tax
Secondary Liability of Solicitors for Capital Gains Tax
There is a potential that solicitors may be secondarily liable for capital gains tax in relation to disposals by non-residents. S 1034 of the Taxes…
Tax
Agricultural Relief v Business Property Relief
You may be faced from time to time with the situation that a farmer client is taking a gift of agricultural property but cannot meet…
Tax
Time limits in refund claims for UK tax credit
Just a quick one. You may be aware that there exists between Ireland and the UK a double taxation treaty which deals with CAT. The…
Probate, Tax
Income Tax returns in estates – an update
It appears that the new Statement of Affairs has had an additional side effect which is not really that surprising. From speaking to my accountant…
International, Probate, Tax
Are Sterling/US dollar accounts in Irish banks an Irish or foreign asset?
Just a quick one. From time to time you may come across sterling or dollar accounts of clients. Just to note, a dollar or sterling…
Probate, Tax
Do foreign gifts aggregate?
It’s summer and some of you are thinking of holidays. As a qualified professional you carefully curate your presents for staff in the office when…
