AMENDMENTS TO CAPITAL ACQUISITIONS TAX TREATMENT OF RECEIPTS TO CHILDREN FROM THEIR PARENTS

  A child has a lifetime tax free threshold of €225,000 (as at 2015) in respect of gifts and inheritances taken from their parents. In addition the first €3,000 of gifts to a child in any year is exempt from CAT under the annual small gifts exemption. Section 82(2) of the Capital Acquisitions Tax Consolidation … Read more AMENDMENTS TO CAPITAL ACQUISITIONS TAX TREATMENT OF RECEIPTS TO CHILDREN FROM THEIR PARENTS

TAX DEADLINES TO BE AWARE OF BEFORE 31st DECEMBER 2014

2014 is nearly finished. Before the year is out,  the following deadlines should be considered to ascertain whether they are applicable to your particular circumstances. INCOME TAX Claiming refunds is time barred after four years. Any tax refunds due for year ended 31st December 2010 must be claimed by 31st December 2014. These  could include: -Medical Expenses -Tax … Read more TAX DEADLINES TO BE AWARE OF BEFORE 31st DECEMBER 2014

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