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LATEST NEWS

Tax Deadline Dates 2017

The Pay and File extension dates for 2017.

Tax deadline looming in Ireland

31 October 2016 is the pay and file deadline for income tax and capital acquisition tax. It is also the income tax preliminary tax payment date for tax year 2016.

Budget 2017 Going in the right direction on taxation

There are some positive taxation developments in Budget 2017 for Ireland in relation to DIRT, CAT, CGT and USC. An increased earned income credit for the self employed has been announced.

Taxation issues for property sales

The taxes that have to be considered when selling a property are continuously expanding.

Tax what next? Proposals in the Programme for Government 2016

The tax proposals for the next five years have been set out at a high level in the Programme for Government in Ireland 2016. In summary the programme includes the following statements about taxation.

Tax Appeals in Ireland

The Revenue Commissioners have made available a new Tax and Duty Appeal Manual in light of the new appeals process that commenced on 21 March 2016

How to qualify for Agricultural Relief in Ireland

If you qualify for agricultural relief then you are only liable to Irish gift or inheritance tax, capital acquisition tax, calculated on 10% of the market value of the agricultural property received in the gift or inheritance. You get 90% of the market value tax free so you will want to qualify for agricultural relief.

What is agricultural relief?

If you qualify for agricultural relief you obtain a tax relief. Agricultural relief is a tax relief

Did you receive a gift or inheritance? Capital Acquisition Tax self assessment time is approaching.

Did you receive a gift or inheritance since 1 September 2014? Have you complied with your CAT pay and file obligations?

2015 Irish gift and inheritance. Capital Acquisition Tax (CAT) rate and tax free thresholds

The Irish gift and inheritance tax free amounts (thresholds) have been reduced and the tax rate has been increased in recent years.

Agricultural Relief from Capital Acquisition Tax. The new rules

Additional rules apply to gifts or inheritances of agricultural property taken on or after 1 January 2015 and that have a valuation date on or after 1 January 2015. There is now a focus on giving relief to active farmers.

2014 gift and inheritance tax free thresholds

The Irish gift and inheritance tax free amounts have been reduced and the tax rate has been increased in recent years.

CAT Pay and file deadline 2013

Revenue have confirmed that, for beneficiaries who received gifts or inheritances with valuation dates arising in the year ending 31 August 2013, who file their capital acquisitions tax (CAT) return and make the payment through ROS, the due date for pay and file is extended to 14 November 2013 (from the set filing date of 31 October 2013).

Debt Forgiveness. Could it be taxed as a gift?

The Revenue Commissioners have issued an e-brief providing some guidance on how it will treat debt forgiveness by financial institutions for Capital Acquisition Tax purposes.

2013 gift and inheritance tax free thresholds

Since 6 December 2012 the Irish gift and inheritance tax free amounts have been reduced and the tax rate has been increased.

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