Possibilties in uncertain times
The Covid-19 pandemic has resulted in the unusual spectre of the Government providing financial assistance to a large swathe of Irish businesses in order to keep their lights on. Whilst this period of Governmental generosity is viewed as an economic necessity, a large part of the cost of this financial assistance may ultimately have to be paid for by those …
Domicile: what does it mean?
It is mandatory for taxpayers to include details of their residence, ordinary residence and domicile status as part of their personal details when filing their annual income tax return. The requirement to return domicile status was introduced in 2017. A taxpayer’s domicile can be a determining factor in whether an individual is liable to Irish taxes such as income tax, capital …
Amanda-Jayne Comyn joins the firm
Amanda-Jayne Comyn has joined the team at Doyle Keaney Tax Advisors. Amanda is a Barrister-at-law and a Chartered Tax Advisor (CTA). She has extensive experience in the field of tax having worked in leading legal firms and large accountancy practices, mostly recently as a tax partner with Philip Lee and prior to that as tax director with Grant Thornton.
Principal Private Residence relief
Mark and John write on the decision from the Tax Appeals Commission (TAC) on principal private residence relief. Of particular interest in this appeal is the quantum and sources of evidence provided by Revenue in support of its position and the analysis by the TAC in reaching its decision to deny the relief. The detail of the submissions presented by Revenue …
Job Vacancy
Tax Manager Doyle Keaney Tax Advisors are an ambitious boutique tax practise providing innovative tax solutions and advise to clients. Due to our continued growth and future plans we are currently seeking a tax manager. This is an excellent opportunity for the right person to develop their career through expanding their technical knowledge and opportunities for promotion. Job Role • …
Budget 2018 Key Tax Measures
The Minister for Finance Paschal Donohoe delivered Budget 2018 on Tuesday 10 October. The key tax measures in Budget 2018 include the much publicised reductions in the tax burden for low and middle income earners and tweaks to other taxes, the big surprise was the 4 percent stamp duty increase on commercial transactions and the absence of any improvements to …
Entrepreneurs relief, retirement relief and dwelling house exemption
Paula presented on the CGT entrepreneurs relief, retirement relief and the CAT dwelling house exemption for Chartered Accountants Ireland in September 2017. Her presentation is Entreprenuers relief for you to read. If you have any queries on Paula’s presentation please contact us.
Entrepreneurs relief: A Real Incentive for Business in Ireland
Mark takes a look at entrepreneurs relief and recent enhancements to the relief designed to make it more attractive as an incentive to do business in Ireland. Following the reduction in the rate of Capital Gains Tax CGT for entrepreneurs relief (“the relief”) from 20 percent to 10 percent by Finance Act 2016, this relief is coming to the …
Proposed changes to Dwelling House Relief
Dwelling House Relief from Capital Acquisitions Tax Finance Bill 2016 Proposed Committee Stage amendments Finance Bill 2016 proposed amendments at Committee Stage (published 4 November 2016) include changes to the current Capital Acquisitions Tax (CAT) exemption for gifts or inheritances of a dwelling house, these proposed changes will significantly impact the availability of the relief. In brief the proposed amendments restrict …
Capital Gains Tax: A Practitioner’s Guide 2nd Edition
This capital gains tax guide written by Mark Doyle, is the authoritative text on capital gains tax in Ireland. It examines in detail capital gains tax legislation, Irish and UK case law and Revenue practice. It offers guidance on practical difficulties encountered in everyday practice and contains numerous worked examples, and describes, where appropriate, steps that may be taken to enhance the …