Rental Income Calculation

Step by step guide on calculation rental profits(Case V) Rental Income Less rental expenses Net rental income Less: Capital allowances Less: Case V losses carried forward Taxable profit Rental Income A separate computation (gross rent less rental expenses) is required...

Who may be granted Stamp 0

Resources, Taxation

Three types of people may be granted Stamp 0. Elderly dependent relatives For elderly dependent relatives, the financial requirements to allow a person to sponsor an elderly dependent relative are set out in Chapter 18 of the Family Reunification Policy Document...

Solicitors Accounts

Taxation

The Solicitors Accounts Regulations 2014 require that solicitor firms file a “Reporting Accountants Report” with The Law Society of Ireland within six months of the firm’s financial year end. In order ensure compliance an accountant must have knowledge and experience...

Motor, travel & subsistence

Taxation

The Department of Public Expenditure and Reform has recently announced significant changes to the standard rate of motor and subsistence allowance in Ireland. Subsistence Following a review of the rates, the standard overnight rates have increased, while the day rates...

Paternity benefit

Resources, Taxation

Published by Revenue – September 2016 Taxation of Paternity Benefit Statutory paternity leave of 2 weeks together with a new Paternity Benefit has been introduced in respect of births and adoptions on or after 1 September 2016. Paternity Benefit (including any...