CAPITAL ACQUISITIONS TAX – CHANGES TO THE DWELLING HOUSE EXEMPTION

Section 52 of the Finance Act 2016 made changes to Section 86 of the Capital Acquisitions Tax Consolidation Act 2003. With effect from 25th December 2016: The dwelling house exemption will only available for inheritances. The only exception will be where a dependent relative is gifted a dwelling house. The dependent relative must be permanently … Read more

TRANSITION PERIOD HAS ENDED

Under the 2014 Companies Act all existing private companies limited by shares have the option of converting to one of the two new company types (LTD or DAC) during a transition period which ended on 30th November 2016.   After 1st December – Companies will be emailed with a new digital Certificate of Incorporation as … Read more

START YOUR OWN BUSINESS RELIEF

Budget 2016 has extended the Start Your Own Business relief to 31st December 2018. This scheme provides an exemption from Income Tax up to a maximum of €40,000 per annum for a period of two years. To qualify for this scheme you must have been unemployed for at least 12 months prior to starting the … Read more

Categories TAX