Sunday 5th February 2012

Maintenance Payments –How it affects your Income levy and PRSI

Firstly, how maintenance payment is treated for Income Levy depends on whether you have voluntarily agreed to pay maintenance or if there is a legally enforceable agreement Continue reading

Posted in Health Levy, Income Levy, Paye Tax, PRSI, Single Parents, Tax Refunds Tagged , , , , , , , 1 Comment

Child Benefit – Proposed changes

The Commission on Taxation’s job was to make suggestions across the spectrum of tax and social payments and Child benefit is proving to be one of the most vexing issues. But they will be recommending to the Government next week that Child Benefit is made taxable. How would Taxing Child Benefit work? Continue reading

Posted in Budget 2012, Home Carers, Paye Tax, Self-Employed & Directors, Single Parents, Tax Refunds Tagged , , 7 Comments

Calculate my Mortgage Interest Relief

So you have a new/existing mortgage or loan relating to your home and want to know how much you are due in mortgage interest relief. there are 3 questions you need to ask yourself in relation to this: Have I … Continue reading

Posted in Mortgage Interest Relief, Paye Tax, Self-Employed & Directors, Tax Refunds Tagged , , , , 1 Comment

Irish Banks on Takeover radar

I see that a Canadian bank is in discussions with AIB (http://www.rte.ie/news/2009/0814/aib.html) It is unsure whether the bank is interested in the whole group or just the US business.  If it were interested in the whole group, this could have … Continue reading

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Mortgage Interest Relief – are you a 1st time Buyer?

So much changed for mortgage holders in the April 2009 emergency Budget. Many who previously had mortgage interest relief lost it, and for others the amount they received changed. We have already looked at eligiblility in a previous post (Here). … Continue reading

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Mortgage Interest Relief – is my loan eligible?

Following the emergency budget in April 2009, a number of changes were made to mortgage interest relief. These affected Who is eligible for mortgage interest relief How much relief you will get We’re going to look at who is eligible … Continue reading

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DIRT Tax refunds for over 65′s

If you are over 65, you may not need to pay DIRT (Deposit Interest Retention Tax) on your deposit income. Exemption limits: As of 2009, if you earn less than €20,000 as a single person, or €40,000 as a married … Continue reading

Posted in DIRT tax, Income Tax, Paye Tax, Self-Employed & Directors, Tax Refunds Tagged , , , , , , , 3 Comments