Revenue Letter On Amendments To Returns

Taxpayers have in the past two weeks been receiving these letters and articles have appeared in the print media on the matter. These letters are generic letters and have no relevance for most taxpayers. It is a shotgun approach to notifying taxpayers that from 1st May 2017 the rules on qualifying disclosures to the Revenue […]

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Tax Deduction for the Non Principal Private Residence Charge

This was an annual charge from 2009 to 2013 in respect of residential property that was not the owner’s principal private residence. The Revenue indicated at the outset that the charge was not deductible in calculating the net profit rent on a let property as the charge was not one of the authorised deductions under […]

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Ormsby & Rhodes Fundraising For The Kevin Bell Repatriation Trust

We are absolutely delighted to announce that we have raised €4,911.14 for The Kevin Bell Repatriation Trust, our charity of the year. The money was raised through various fundraising efforts (Women mini marathon, Quiz Nights, Cake sales and many more). Pictured is Kate Mullahy, presenting the cheque to Conor on behalf of Ormsby and Rhodes.

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Timely Update to Ireland’s International Tax Strategy

October 2016 In the competitive Foreign Direct Investment (FDI) world and in a post BREXIT and post Apple judgement environment, it is timely that Ireland has issued this International Tax Strategy Update – see link http://www.budget.gov.ie/Budgets/2016/Documents/Update_on_Irelands_International_Tax_Strategy_pub.pdf As mentioned by the Minister in his Budget speech, Ireland’s commitment to maintain the 12.5% corporation tax rate is […]

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Budget 2017: The Key Points

This was a Budget that probably needed no introduction with the amount of details disclosed in the Media in the past few weeks. Budget 2017 had a little bit of this and a little bit of that to try to keep all happy. Property Supports Operative from 19th July 2016, first time buyers are to […]

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10% CGT Rate announced in Budget 2017

From 1 January 2016, the rate of CGT applying to a disposal by an individual of the whole or part of a qualifying business (which can include shares – minimum 5% ownership) was reduced to 20% from 33%. This rate will be further reduced to 10% following the announcement made by the Minister for Finance […]

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Brexit and the Implications for Ireland

On June 23rd the United Kingdom (“UK”) voted to leave the European Union (“EU”). The UK is one of Ireland’s key trading partners and Brexit will have major implications for businesses and individuals alike. It is crucial that everyone is aware of the potential short and long term consequences as a result of the UK’s […]

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New Tax Appeals Regime

A new tax appeals regime came into operation on 21 March 2016 with the establishment of a new tax appeals body the Tax Appeals Commission (TAC). A key change to the process is that appeals are now to be made directly to the TAC and not to Revenue. The time limit for making an appeal […]

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CAT Planning – Dwelling House Exemption

Inheritance tax (CAT) is no longer a concern of only the very wealthy. With a 33% CAT rate and a parent/child threshold of €280,000, many people are rightly concerned about the tax cost that their family will face in the event of their death. In any Estate Planning exercise, after making maximum use of the […]

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CHARITIES – DON’T MISS THE 16TH APRIL DEADLINE

  The Charities Regulatory Authority (CRA) has set a deadline of 16th April by which time all charities must have complied with certain registration and reporting requirements. There are 3 key requirements that must be met by this deadline.       Registering as a charity with the CRA Regardless of your size, your income […]

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