by David O'Kennedy | Mar 30, 2018 | Tax
The HRI scheme provides for tax relief for homeowners by way of an income tax credit at 13.5% of qualifying expenditure on repair, renovation or improvements carried out to the homeowner’s main home by qualifying contractors. Relief may be claimed on qualifying...
by David O'Kennedy | Mar 15, 2018 | Revenue, Tax
If you are a sole trader looking to become a limited company, it is worth knowing that one of the first major tasks to be completed upon formation is to register for tax. The topic of limited company tax can be difficult to understand, so if you’ve just set up shop,...
by David O'Kennedy | Dec 1, 2017 | Employment, Tax
The Treatment Benefit Scheme is a scheme run by the Department of Employment Affairs and Social Protection (DEASP) that provides dental, optical and aural services to qualified people. The Treatment Benefit Scheme is available to insured workers and retired people who...
by David O'Kennedy | Oct 12, 2017 | Budget, Revenue, Tax
Business Tax CORPORATION TAX RATE • The Minister reiterated in his Budget speech that the 12.5% Corporation Tax rate will remain in place indefinitely. CAPITAL ALLOWANCES • The deduction for capital allowances for intangible assets and any related interest expense...
by David O'Kennedy | Oct 10, 2017 | Income, Revenue, Tax
Ireland is known for having very high personal tax rates and those employed as PAYE income earners may be paying as high as 57% in tax after USC and PSRI are accounted for. With rates having the potential to be so high, it’s prudent to understand what you may be...
by David O'Kennedy | Oct 10, 2017 | Income, Revenue, Tax
As an accommodation provider, your Airbnb profits will likely fall into non-PAYE self-assessable income if your property is owned in your own name. If you own the property in any form of corporate entity such as a company or a trust, then your tax obligations will be...
