I’m going to look at leaving Ireland and Split Year Treatment. It came up in two calls this week. Juan Denver left Ireland in March 2024 for Valencia. He needed help with his Irish taxes. Let’s look at Background Resident or not Split Year Treatment Other income Zoom AI Summary Background Juan is from Spain.
We will look at a parent moving to a nursing home. I had a meeting with two kind and caring sisters during the week. They are looking after their elderly mam in her home. We’ll go through the following points to get into more detail Background Nursing home cost Tax relief Keep their mam at
Don’t miss out on the Home Carer Credit. Based on what I have seen over the last few weeks, thousands aren’t getting this credit. In 2025, it’s worth €1,950. I have seen three cases recently where people should be getting this, but they aren’t aware of it. Let’s explore a bit more about it to
The bank of mam and dad is free money – money that grows on trees. The never-ending ATM cash extraction, where you don’t even need to use a card. It was amazing to read that one in five Irish households are millionaires. When I looked in the mirror the other morning, I didn’t see a
This week, I’ll look at a Revenue review of your Taxes. What prompted this is a Revenue letter that a former client got to review his taxes for four years, from 2021 to 2024. We did his tax returns for 2021 and 2022. He needed help to get set up right after a divorce in
Tax is one of the main advantages for a non-resident purchasing a buy-to-let over a resident. Taxes are lower for a non-resident, in most cases. A non-resident will pay tax at 20% on the first €44,000 of rental profit. Whereas a resident will pay tax of up to 52%, assuming their lower rate band is
This week, we will look at planning your business exit. We met Jimmy Fontaine yesterday. He has an IT sales and service company called Fontaines PC. Jimmy and his wife Jane have 3 kids, and none of them are showing any interest in the business. Jimmy is 57 now and would like to exit in
Residential Premises Rental Income Relief [RPRIR] is a new tax relief for landlords. It is only available to individual landlords and isn’t available to companies, trusts, or partnerships. RPRIR is a relatively new relief, and it applies for the four tax years 2024 to 2027. 2025 is the first year to claim the relief for
The question can my company help me buy a home popped up recently. When you think of it your company pays for your home. Your net salary pays the monthly mortgage. But what about the initial purchase of your home? Yes, it can help with that too. I’ll introduce you to Alex Dublin and his
Let’s look at budget 2025 and 10 takeaways from that. It’s not a blog divided into two with the first part looking at the budget. The second part reviews 10 takeaways like Indian, chippers, and Chinese! I know I know you are all budgeted to death at this stage. Me too. But while we all
