John, Co Founder of Professional Tax Adviser’s recently attended the Revenue Business Division’s latest meeting, in his role as Branch Representative for the Institute of Taxation. As part of the meeting, Revenue gave an insight into the sectors they will be looking at, in terms of compliance, over the coming months. Here were some of […]

Free use of property Budget 2021 originally changed the deemed interest on interest free loans to the borrowing rate. Previously it had been the available deposit rate. This could have had a serious impact for parents lending money to children e.g. for a house deposit. The new rate could easily have triggered a taxable gift […]

We recently had an issue whereby a VAT refund claimed on pre trading expenses was disallowed by Revenue. A planning issue had thwarted the efforts to proceed with economic activity. In support of our case to allow the claim we quoted three cases heard in the ECJ, and one which went through the Irish courts. […]

Most practitioners are aware that the threshold for Co-habiting couples is Group C, currently €16,250 This can lead to a substantial tax bill on the death of a partner, where the surviving partner is the main beneficiary. There are a few strategies to minimise/eliminate tax liabilities for the surviving partner. A). If one party takes […]

Client and his Malaysian spouse have moved to Ireland from Thailand.. His past residence position was as follows UK up to 18 years ago Malaysia for 15+ years Thailand for past 6 months Client was born in the UK. He and his wife have now moved to Ireland and have bought a home here. Client’s […]

The building is let by you to the company, for a  gross rent of €18,000 per annum which you declare in your annual Income Tax return. No VAT is charged on the lease. VAT was not reclaimed on the purchase of the property in 2006 The company would take out a loan to purchase the […]