Red Oak Tax Refunds Blog

Latest News on Income Tax, Tax Refunds and money matters in Ireland

10 things you should know about PRTB

Landlords, have you registered your tenants with the Private Residential Tenancies Board (PRTB)
Here are ten very good reasons why landlords and tenant should make sure that tenancies are registered.
You can find out more about Rent and Tax here.

It’s the Law: Unless you are availing of the rent-a-room relief scheme or other exemption, you have to [...]

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?

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 an eligible loan?
Am I a First Time Buyer (FTB)?
What are the rates of relief?

We have looked [...]

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). Once you have checked that you are eligible, the next step is to see [...]

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 for mortgage interest relief here.  In later posts, we will look at how much relief you are [...]

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 couple then you are exemption from DIRT tax.
This exemption is increased for each dependent person by amounts [...]

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.

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 correctly and could easily overpay on tax.
With the ISEQ 20 ® ETF, the rate [...]

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Welcome to the Red Oak Tax Refund Blog, where we will discuss money matters, tax and in particular tax refunds relating to PAYE employment in Ireland. If you have any topics you would like discussed, send us a mail to refunds@redoaktaxrefunds.ie and happy reading!.

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