Category Archives: Rental Property

Property Purchase in Trust

Property Purchase in Trust

I had a meeting on Monday that involved a property purchase in trust for a child. This isn’t something we would see often so I needed to do some prep and get more information. It turned out to be a very interesting meeting and has me doing some head scratching since. We will look at

Tax Tips when you sell or rent land

Cows in a field at sunset

We will look at some tax tips when you sell or rent land. For this, a sale will be to a third party. Land sales are like hen’s teeth. Very rare. It is more common to transfer to the next generation. In the current climate land is achieving a high price on a sale or

Landlords Tax Changes in 2023

Beautiful cottage

Landlords Tax Changes in 2023 We will look at Landlords tax changes in 2023. While the focus of this is to look at changes, we will also look at some planning tips. The main areas to focus on are Pre-letting expenditure Retrofitting Rent tax credit Planning Tips   The changes came in from the 1st

Buying Commercial Property in a Company – 5 Tax Tips

Commercial Property

We look at 5 Tax tips when buying commercial property in a company. It can make good investment sense. But you should know what you are getting into. The taxes we focus on are Stamp Duty Vat Tax rate & surcharge Pay a dividend Selling the property Dick Jagger arranges to meet you. I can’t

Why Are Reluctant Landlords Reluctant?

Frustrated man

We will look at landlords. Why some are reluctant and getting out of the property market. We will Set the scene Stick or Twist Taxes Disparity Summary Setting the scene Willie and Delilah Wiley bought an apartment in Waterford in 2007 for €250,000. There is €100,000 left on the mortgage, and they let it for

Income Tax Returns – Getting It Right First Time

Ludmila

Last week we looked at Xero from a beginner’s point of view. There are serious benefits. But you must be open to thinking outside the box when looking at your numbers. This week we are going to explore Income Tax returns and how a very super lady in our office gets them right first time.

Top Tax Tips – Renting Out Property- Part 2

There’s a spring in the step of the Tramore seagulls this morning. They have heard about the abolition of the inter county travel ban. More people equals more food. Happy days. Hair will get back to normal in two weeks and we will be more beautiful again. Bouncers that worked in pubs could get a

Top 10 tax tip for renting property in Ireland – Part 1

Greetings from Tramore. Another very promising day here. The washing is on the line, the Super League is dead in the water. Jose Mourinho is gone from Spurs. Another big payoff! I only found out about that on Tuesday night given the furore over the Super League. Greed and avarice took hold of the 12

Property – Stamp Duty & Your Labour

It’s a balmy 9 degrees in Tramore but plenty of Sunshine and a 1% chance of rain. If it rains today, I will be getting onto the developers of that free app on my phone! Not quite break out the cider and soak up the rays in the back garden yet, but the fact that

What Do Revenue Know About You?

Wow, what a morning out there! That’s wet rain in its truest sense. A flock of wet seagulls were stuck to the balcony window this morning. They had that look of disappointment. Knowing they made a mistake coming back from their holidays in Africa too early. It’s week 11 now without a haircut. My locks