Tax and accountancy issues of today
The succession farm partnership scheme was first announced in Budget 2016. It was subject to EU state approval which was received. The succession farm partnership scheme provides a succession tax credit of €5,000 per annum. It is an initiative set up to encourage farmers to form partnerships with young trained farmers and to then transfer … Read more SUCCESSION FARM PARTNERSHIPS
Companies will not be given 14 days where B1 signature page is not signed. The Companies Registration Office have announced that from 1st April 2018, form B1 will be automatically rejected where the B1 signature page or overall certificate is not signed or if it has only one signature. A new annual return must be … Read more ANNUAL RETURN CHANGES FOR COMPANIES
State Pension (Contributory) will be calculated differently from 31st March 2018. New Total Contributions Approach (TCA) for state pensions TCA means that a persons total social insurance contributions paid rather than when paid are taken into account when assessing heir entitlement to a state pension. State pension and HomeCaring credit A new HomeCaring Credit will … Read more CHANGES TO STATE PENSION (CONTRIBUTORY ) RULES
Capital Gains Tax is a tax on gains arising on the disposal of assets. An asset for Capital Gains Tax purposes is a house, land, business, shares, certain paintings and antiques. Who is liable? It is payable by anyone who disposes of an asset other than their Principal Private Residence. In addition a tax return … Read more CAPITAL GAINS TAX 2017 DEADLINE
The Revenue have further extended the deadline for submission of self assessment tax returns. The deadline has been extended to 16th November 2017 (originally 14th November 2017). The extended date also applies Capital Acquisitions Tax returns in respect of gifts or inheritances with valuation dates in the year ended 31st August 2017.