It was announced in Budget 2015 that First Time Buyers’ will be able to save for their first home and retain 100% of the interest that they earn on their savings. Section 266A of the Taxes Consolidation Act 1997 provides for refunds of DIRT (Deposit Interest Retention Tax) for first time buyers who purchase a house or apartment to live in as their home. So, who is entitled to claim the refund and are there any conditions? 1. A first time buyer of a house or apartment who purc

How long do you have to keep the books and records for a financial year or for a particular project or transaction. Well in general, if you are operating a business, you have to retain proper books and records for a period of 6 years after the completion of the financial year or on the completion of transactions or projects to which the books and records relate. This is outlined in Section 886 of the Taxes Consolidation Act 1997, which outlines the obligations on a person to