Self-Assessed
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Agricultural Relief
Agricultural relief applies in respect of both gift tax and inheritance tax. Under this relief yo...
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Favourite Nephew Relief
'Favourite Nephew or Niece' Relief allows you to treat your nephew or niece as your 'child' when ...
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Dwelling house exemption
In certain circumstances, outlined below, inheritances of dwelling houses may be exempt from CAT....
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Disposal of chattels
There are two types of chattels – wasting and non-wasting.
A wasting chattel:
Wastes away over i...
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Disposal of a business or farm to your child
If dispose all or part of your business or farming assets to your child, you may be entitled to r...
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Disposal of a business or farm other than to your child (Retirement Relief)
If you're 55 or older, you may be able to claim relief on disposing any part of your business or ...
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Land or buildings acquired between 7 December 2011 and 31 December 2014
If you dispose of land acquired between 7 December 2011 and 31 December 2014 then you may be due ...
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Compensation and insurance money
You must pay CGT if you receive compensation or insurance money, however if you use the money to ...
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Revised Entrepreneur Relief
This relief is for you if you made gains from the disposal of business assets. There is a lifetim...
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Farm Restructuring Relief
If you dispose of land to make your farm more efficient then you may be able to claim this relief...
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Principal Private Residence Relief (PPR relief)
You will be exempt from CGT if you dispose of a property which you used as a sole or main residen...
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Indexation Relief (or inflation relief)
You can claim indexation relief if you owned the asset before 2003 and the market value of the as...
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Capital Gains Tax (CGT) Deductions
If you have made an investment (for example in stocks, shares or currency), there are some deduct...
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Rent-a-Room Relief
Rent-a-room relief allows homeowners to earn tax-exempt rental income from private tenants. By re...
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Expenses for rental income
General expenses
You can claim certain expenses against your rental income to reduce the amount o...
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Blogging expenses
Blogging has been increasingly popular in Ireland in recent years - both as a profession and for ...
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Airbnb expenses
If you are earning money through Airbnb – i.e. renting out your home or a room in your home for p...
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Expenses for income earned through the Sharing Economy
Thousands of people earn money by selling their goods and services through the Sharing Economy – ...
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What you can't expense
There are a variety of expenses that are commonly included as expenses on tax returns, but in rea...
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Considering making pension contributions?
While pensions have gotten bad press over the last few years, making a pension contribution will ...
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Can you claim tax free travel and subsistence?
Mileage and subsistence schemes are for employees only, a sole-trader can only claim a percentage...
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Interest paid on business loans
Interest incurred wholly and exclusively for trade purposes is allowed against your trading profi...
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Finance lease payments for vehicles or machines that you use in your business
You can also claim the full lease payment for vehicles or machines that you use in your business ...
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Professional Services
Should you require the services of an accountant or financial agent to manage your accounts or he...
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Motoring expenses
You can also claim tax relief if you use your car for business reasons.
For example, you can dedu...
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Wear & Tear
An annual wear and tear allowance of 12.5% of the cost, over 5 years. It can be claimed for capit...
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Do you work from home?
If you are working from a home office or even spend some of your time working from home, you can ...
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Work space
There are a number of common allowable expenses which relate to work spaces.
For starters, rentin...
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Allowable expenses
Allowable business expenses can be used to reduce your overall tax bill.
In order for an expense ...
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Receipts
If you intend to make any deductions on your tax return, it is vital to keep a detailed record of...