High Court Warehousing Judgement

Background of the Callaghan Case The couple reside in a 3 bedroom semi-detached property with their 3 young children.  The couple had a mortgage with KBC for €285,647 for their family home which was valued at just €105,000. PIP’s Proposal The PIP proposed a reduced...

Offshore tax on UK pensions

Pensioners receiving overseas income could face Revenue fines Thousands of pensioners in receipt of overseas retirement income could find themselves facing fines and even prosecution if their tax affairs are not in order by May. Almost 135,000 Irish residents were in...

Offshore Tax on Assets & Income

The 2017 finance act includes strenuous provisions for getting your tax affairs in order in terms of offshore assets. Any offshore taxes should be tidied up well before the clampdown begins after 1 May 2017. Revenue have access to international data to begin the clamp...

Offshore Account Disclosures

Offshore Account Disclosures Anti-Avoidance Section 54 Finance Act 2016 makes a number of changes to the tax code which will reduce the level of penalty mitigations for tax defaulters with off-shore irregularities giving rise to an Irish tax liability. The amendments...

Dwelling house exemption change for Capital Acquisitions Tax (CAT)

Dwelling house exemption change for Capital Acquisitions Tax (CAT) The changes to the dwelling house exemption from CAT which came into effect on or after 25 December 2016, mean the exemption will now only apply to inheritances and not gifts unless the house is gifted...

Revenue Update

• Revenue has recently introduced a centralised LoCall Number (1890 216 216) for self-employed taxpayers and SME’s. • From 3 May 2016, refunds or repayments that are due to tax payers who are mandatory eFilers will be paid by Revenue electronically to their bank...