Let’s explore some Tax Tips for Farmers. Podge is a good friend of mine and a client too. Back in my hurling days, I used to mark him in training and he in turn marked me too. Still have the scars on my back. War wounds he calls them. Young Podge is in employment and
Category Archives: Rental Property
Non-resident landlords – Beds are Burning. There’s a new tax system in town and it’s gunning for you. It will take money from you and give it to Revenue. And it will be up to you to get it back. The lyrics of the Midnight Oil song Beds are Burning are washing around in my
Like the Bob Dylan song, in the world of Non-Resident Taxes, the times are a-changin’. Not before time too as there was a lot wrong with the old system. But there’s no point looking into the past. It’s time to drive on and embrace the new. We will look at George and Amy Wong Non-Resident
We will look at some tax tips for accidental landlords. We all hear about landlords exiting the market in their droves. A perfect storm of rising interest rates, rent pressure zones, and plenty of red tape. The tax system here can quickly squeeze out the already squeezed middle. The purpose of this is to help
I had a meeting on Monday that involved a property purchase in trust for a child. This isn’t something we would see often so I needed to do some prep and get more information. It turned out to be a very interesting meeting and has me doing some head scratching since. We will look at
We will look at some tax tips when you sell or rent land. For this, a sale will be to a third party. Land sales are like hen’s teeth. Very rare. It is more common to transfer to the next generation. In the current climate land is achieving a high price on a sale or
Landlords Tax Changes in 2023 We will look at Landlords tax changes in 2023. While the focus of this is to look at changes, we will also look at some planning tips. The main areas to focus on are Pre-letting expenditure Retrofitting Rent tax credit Planning Tips The changes came in from the 1st
We look at 5 Tax tips when buying commercial property in a company. It can make good investment sense. But you should know what you are getting into. The taxes we focus on are Stamp Duty Vat Tax rate & surcharge Pay a dividend Selling the property Dick Jagger arranges to meet you. I can’t
We will look at landlords. Why some are reluctant and getting out of the property market. We will Set the scene Stick or Twist Taxes Disparity Summary Setting the scene Willie and Delilah Wiley bought an apartment in Waterford in 2007 for €250,000. There is €100,000 left on the mortgage, and they let it for
Last week we looked at Xero from a beginner’s point of view. There are serious benefits. But you must be open to thinking outside the box when looking at your numbers. This week we are going to explore Income Tax returns and how a very super lady in our office gets them right first time.
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