As you may have seen in the Sunday Times newspaper yesterday, there are changes in the Capital Acquisition Tax (CAT) rules regarding the transfer of assets, money or otherwise from parents to children. Capital Acquisitions Tax (CAT) is a tax that imposes a charge on individuals who receive gifts and inheritances where the value of the gifts and inheritances exceed that individual's lifetime tax free threshold, which in relation to a parent child relationship is €225,000, as o

From the 1st January 2015, there will be changes in the VAT system for the supply of telecommunications, broadcasting and electronic "TBE" services (on-line goods and services). Irish residents buying books, music downloads, clothes, a pair of shoes or anything else that can be bought from an on-line vendor in Europe will pay VAT in Ireland at Irish tax rates. This is a change from the current system whereby a customer paid VAT at the rate of the EU country in which the sell

Some home expenses may be allowable for business. It can be confusing to work out what is allowable and it really all depends on your individual circumstances. I will try to outline the main expenses that can be claimed for use of your home for your business: What is an “Allowable Expense”? An allowable expense is a deduction only if it is incurred “wholly and exclusively” for business purposes. Allowable expenses for the use of your home as a business premises fall broadly