Sunday 5th February 2012

Charitable deductions & Tax – Who Claims?

Giving to charity is good – and saves on tax! Giving to Charity and supporting charities, particular home based charities, is so much more in the public domain now, at least compared to my childhood when charity meant the Lenten … Continue reading

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4 year plan – the Income Tax Changes

Front loading with 2/3′s of increases in Budget 2011 Lots of reaction to the 4 year National Recovery plan issued today, but we wanted to give you a bit more information on what income tax changes have been signaled today … Continue reading

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Income Tax Deadline Nov 2009

RedOakTaxRefunds Latest News.  Don’t forget that the income tax filing deadline for self-assesed persons is next Monday. For all of you who thought there was a lot of time left (like some of our clients!) I can tell you we’re … Continue reading

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How a pay rise can leave you worse off

You can be up to €1,040 worse off for increase in salary in Health Levy fiasco. Tax system means a €1,000 pay rise can leave you €290 worse off depending on how much you earn. Lets see this in action … Continue reading

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CGT Treatment of Anglo Irish Bank Share Losses

As an Anglo Irish Bank Shareholder, the value of your stake in the bank was not finalised on the nationalisation of the bank earlier this year. According to Minister of Finance Brian Lenihan an assessor would be appointed at a … Continue reading

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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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Medical Insurance tax credit

Probably the least understood of the common Tax Reliefs is the Medical Insurance Tax Relief – so many people miss out on this tax relief! How does it work? If you pay for Medical Insurance to an Insurer direct or … 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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