Tax and accountancy issues of today
A pensioner must have a guaranteed annual pension income for life to avoid having to set up a AMRF. This ties up funds until they are 75 years of age. The level of guaranteed annual income needed at present is €12,700. State pension from 30th March 2018 is €12,651 This leaves a shortfall for those … Read more Pension Manual updated by Revenue
The following are reliefs and exemptions available to young trained farmers: National Reserve Successful applicants receive an allocation of the new entitlements from the National Reserve on the basis of one entitlement for one hectare at the National Average of entitlements. Young Farmers Scheme Provides for an additional payment for a maximum of 5 years … Read more Young Trained Farmers
The land leasing exemption is available to land owners who let their land under a qualifying lease A qualifying lease: is in writing or evidenced in writing. contains the names and addresses of the lessor(s) and lessee(s). specifies the acreage, address, location etc of the land. sets out the terms of the lease. is signed … Read more Land Leasing Exemption
Energy-efficient equipment is eligible for accelerated capital allowances of 100% in the year of purchase. Energy efficient equipment purchased must be: New Owned by the Company or unincorporated business. Wholly and exclusively used for the purposes of the trade. In use by the business at the end of the accounting period It must be on … Read more Energy efficient equipment accelerated capital allowances
No taxable benefit will arise for an employee or director where the employer provides an electric car or van between 1st January 2018 and 31st December 2018. The exemption is for electric cars only not hybrid. Charging points for electric vehicles The provision of charging points on site by an employer for the electric charging … Read more Benefit in kind changes – Finance act 2017