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Forum: Tax 18-04-2014, 10:51 AM
Replies: 5
Views: 277
Posted By T McGibney
As an advisor, I'd be inclined to default to the...

As an advisor, I'd be inclined to default to the presumption that where a transfer is between intimate partners it is by definition not an arms length transaction, but each one to their own :)
Forum: Tax 17-04-2014, 05:23 PM
Replies: 5
Views: 277
Posted By T McGibney
Not the agreed cost, but 50% of the open market...

Not the agreed cost, but 50% of the open market value of the property at the transfer date in 1998, surely?
Forum: Management companies, apartments, etc. 17-04-2014, 11:03 AM
Replies: 23
Views: 1,737
Posted By T McGibney
Are such fees permitted by the the company's...

Are such fees permitted by the the company's memorandum & articles of association? If so, yes.
Forum: Management companies, apartments, etc. 17-04-2014, 10:18 AM
Replies: 23
Views: 1,737
Posted By T McGibney
Is this for real? The Procedures for...

Is this for real?

The Procedures for Quality Audit are mandatory in one form or another, for all audits. Here is their Index based on these sample pages...
Forum: Management companies, apartments, etc. 17-04-2014, 08:39 AM
Replies: 23
Views: 1,737
Posted By T McGibney
You should dump him. It is dishonest to pretend...

You should dump him. It is dishonest to pretend that it is possible to properly & legally audit a functioning management company for 500 plus VAT.

If you want cheaper accountants fees for your...
Forum: Property investment and tenants' rights 17-04-2014, 08:29 AM
Replies: 9
Views: 692
Posted By T McGibney
??? Capital allowances are not available in...

???

Capital allowances are not available in respect of structural works.
Forum: Tax 16-04-2014, 09:17 AM
Replies: 1
Views: 211
Posted By T McGibney
Did she receive her P60 by 15 February, as she...

Did she receive her P60 by 15 February, as she was entitled to?
Forum: The Local Property Tax 16-04-2014, 09:07 AM
Replies: 20
Views: 1,366
Posted By T McGibney
Most of these relatively minor tax issues never...

Most of these relatively minor tax issues never reach the courts.

Back in the mid-80s many experts including then barrister & qualified accountant Willie O'Dea stated their understanding that...
Forum: Consumer Issues and Rights 15-04-2014, 08:41 AM
Replies: 12
Views: 1,026
Posted By T McGibney
Freedom of contract is a two-way process. A...

Freedom of contract is a two-way process. A seller cannot force a buyer to buy, nor can a buyer force a seller to sell, except in clearly & stringently defined limited circumstances.
Forum: Tax 15-04-2014, 08:39 AM
Replies: 4
Views: 286
Posted By T McGibney
Alternatively completing Form 12a...

Alternatively completing Form 12a (http://www.revenue.ie/en/tax/it/forms/form12a.pdf) will do the job for her.
Forum: Askaboutbusiness 11-04-2014, 09:56 AM
Replies: 47
Views: 2,996
Posted By T McGibney
Sorry, I know you didn't make subsistence claims,...

Sorry, I know you didn't make subsistence claims, I meant to add that you may well be entitled to claim mileage, although that is up to you. I wouldn't necessarily be taking Tax Briefing 3 as Gospel,...
Forum: Askaboutbusiness 11-04-2014, 09:31 AM
Replies: 47
Views: 2,996
Posted By T McGibney
If your hotel bills are being expensed, you can't...

If your hotel bills are being expensed, you can't also claim subsistence in respect of overnights. You will need first to determine where is your 'normal place of work' (based on the above I...
Forum: Askaboutbusiness 11-04-2014, 09:04 AM
Replies: 47
Views: 2,996
Posted By T McGibney
Don't assume anything as Revenue have quite...

Don't assume anything as Revenue have quite suddenly & sharply revised their own interpretation of what is & isn't allowable - without any change in legislation, mind you - and its all now so...
Forum: Management companies, apartments, etc. 10-04-2014, 11:59 AM
Replies: 18
Views: 917
Posted By T McGibney
Do you mind me asking - who advised you of this?

Do you mind me asking - who advised you of this?
Forum: Tax 10-04-2014, 08:47 AM
Replies: 5
Views: 522
Posted By T McGibney
I guarantee you he (and the tax advisor) are...

I guarantee you he (and the tax advisor) are confused between the 2013 P60 and the 2014 P45.

Once the employer P35 for 2013 has been completed & filed, printing off a P60 for 2013 is a doddle. To...
Forum: Tax 09-04-2014, 01:04 PM
Replies: 5
Views: 522
Posted By T McGibney
You will need to make clear that you are looking...

You will need to make clear that you are looking for a 2013 P60.

There is often much confusion about this.
Forum: Property investment and tenants' rights 07-04-2014, 02:47 PM
Replies: 5
Views: 341
Posted By T McGibney
It is indeed.

It is indeed.
Forum: Universal Health Insurance and related public policy issues 07-04-2014, 02:45 PM
Replies: 15
Views: 528
Posted By T McGibney
I agree with Brendan on the 2 key points here ...

I agree with Brendan on the 2 key points here

-The function of insurance is to pay a small premium for protection against a large loss, not to subsidise relatively minor out-of-pocket expenses.
...
Forum: Property investment and tenants' rights 07-04-2014, 02:35 PM
Replies: 5
Views: 341
Posted By T McGibney
Sorry to have to pick a few holes :) The...

Sorry to have to pick a few holes :)

The standard rate of 20% applies to rental income earned by a non-resident. There is no PRSI. USC may apply if the income is high enough - in most cases it...
Forum: Askaboutbusiness 07-04-2014, 11:45 AM
Replies: 47
Views: 2,996
Posted By T McGibney
I honestly think you are worrying about something...

I honestly think you are worrying about something which isn't a problem. Sometimes in life and in business, you just have to stand up for yourself, because if you don't, no-one else will. I don't...
Forum: Askaboutbusiness 07-04-2014, 11:11 AM
Replies: 47
Views: 2,996
Posted By T McGibney
If you want to pay Revenue money you almost...

If you want to pay Revenue money you almost certainly don't owe, don't let me stop you, it's a free country and it's your money. It's very easy, just write to Revenue, preferably via your accountant,...
Forum: Askaboutbusiness 07-04-2014, 10:48 AM
Replies: 47
Views: 2,996
Posted By T McGibney
I know nothing of your situation, but on the...

I know nothing of your situation, but on the basis of the information you have given above, I wouldn't for a second accept that your mileage & associated costs are specifically disallowed, or indeed...
Forum: Property investment and tenants' rights 07-04-2014, 08:19 AM
Replies: 14
Views: 1,026
Posted By T McGibney
Being rather pedantic here, but the CGT depends...

Being rather pedantic here, but the CGT depends actually on the open market value at the time the OP inherited it. If the valuation used did not reflect the true OMV, the latter takes precedence and...
Forum: Askaboutbusiness 04-04-2014, 03:06 PM
Replies: 6
Views: 429
Posted By T McGibney
It happens. And so do specific transaction-based...

It happens. And so do specific transaction-based Revenue audits.



Why? On the basis of the information provided above, it was merely a suggestion, which presumably the OP could accept or...
Forum: Askaboutbusiness 04-04-2014, 02:47 PM
Replies: 6
Views: 429
Posted By T McGibney
I'm amazed by the above 2 responses. ...

I'm amazed by the above 2 responses.

Assuming that the communication with the OP was made with the full knowledge and consent of their other client, their supplier, there is no inkling here that...
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