The Minister of Finance Paschal Donohue announced the Budget for 2019 on 9th October 2018. The main points are: Income tax Standard rate band increased from €34,550 to €35,300 for a single or widowed person. €38,550 to €39,300 for a single or widowed person qualifying for a Single Person Child Carer credit. €43,550 to €44,300 … Read moreBUDGET 2019
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 moreEnergy efficient equipment accelerated capital allowances
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 moreCHANGES 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 moreCAPITAL 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.