Sunday 5th February 2012

Category Archives: Income Tax

Equitable but not Neutral

Just some quick thoughts on the Commission on Taxation and Stamp Duty. One of the main thrusts of the commission on taxation is that its purpose was not to increase the tax burden, but rather to distribute it more fairly. … Continue reading

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Don’t bin service charges tax refunds

Are we throwing money in the bin by not claiming tax refunds for the cost of our waste disposal? This is one of the more commonly claimed tax credits, but still a large % of home owners and renters miss … 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

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Tax Refunds for Management Fees

Are you Renting or a Home owner and paying management fees? Not all of your apartment or home management fees are worth a tax credit, but they could still be worth a few quid. If your management fee includes the … Continue reading

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DWT Dividend Tax Exemption for Over 65′s

What is DWT
DWT, or Dividend Witholding Tax, is deducted from dividends paid by Irish companies. If you are in receipt of Irish dividend income, DWT is deducted at 20% – this is taken out of the dividend you have received, which you can confirm in your dividend certificate. This 20% is then used as an offset against your income tax liability. Continue reading

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Tax on ISEQ ETF Dividends

While most dividends are taxable in Ireland at your highest rate of tax, one very popular dividend paying investment in Ireland does not. However, many people will miss out on this advantage if they do not complete there tax returns … Continue reading

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PAYE Taxpayers missing out on Tax Credits – Survey

The Irish Taxation Institute (ITI) in conjunction with Red C have released a survey of PAYE taxpayers in Ireland, with the following main points: 40% of Irish taxpayers are not claiming basic reliefs due to them 19% of Irish taxpayers … Continue reading

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PAYE Workers Overpaying Tax

Please find a copy of our press release of the 4th April 2009

Red Oak Tax Refunds urge PAYE workers to claim money owed to them
John McGuinness Tax
John McGuinness TD, Minister for Trade & Commerce speaking at the Red Oak Tax Refunds Launch

PAYE workers afraid of what the mini-budget has in store may already be overpaying hundreds of euro each in unclaimed refunds, according to Irish tax refunds firm Red Oak Tax Refunds.

Hundreds of thousands of workers who every year pay union fees, refuse charges and medical expenses for example don’t claim relief on the payments – with millions of euro remaining unclaimed every year.
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