Thoughts?
A client wishes to lend 80% of the purchase price to his son and daughter in law. They will repay him with interest over 20 years - calculated on the basis of 1% above current deposit rates.
Father will declare the interest. The loan will be secured by way of a charge on the...
We usually ask for a CG50 when buying a residential property with a price in excess of 500K.
The Finance Bill increased the threshold to 1m - on or after January 1st 2016.
Was that subject to enactment, does anyone know? Or is it actually in place?
Revenue sites still show 500K as the...
Copied from another thread where it was asserted that the wife gets half of the assets on separation/divorce
Best place to start is the legislation -
Section 20 of the Judicial Separation and Family Law Reform Act 1989 sets it out:
This is what a Court will do:
(2) As regards the exercise...
Extracted from another thread
For co-habitants see this extract from Citizens Information:
Property rights and the breakdown of a cohabiting relationship
If a cohabiting couple in Ireland splits up, the family home (and other family assets) will belong to the person who holds the legal...
What do you all think?
Selling a property, unlikely to close until mid May, so current owner is liable even though the sale will close within weeks thereafter.
Is it reasonable/cheeky to ask the purchaser to take an apportionment of the tax?
I'm 50/50 on this.
mf
I'm trying to find a statute reference or some case law on the difficulties a Director would face, after resigning as a director, relating to activities while he was a Director. Its about the treatment of Directors' loans.
He (A) is unhappy about certain proposals his co-Director (B) has...
I have a problem with a probate property. Clients are elderly and need some ( a lot of!) hand holding/guidance! They need to (ideally) sell at whatever price they can or rent out to keep it occupied , if a sale does not happen. But they have a leak and they are having a problem in finding the...
Would anyone know where to order/buy name tags ( akin I suppose to labels on clothes for kids going to boarding schools) for clothes?
My aunt is moving into long term care and she needs to have her clothes labelled so that her laundry can find its way back to her. I need sew on ( as opposed...
Question asked: if a company is dissolved but members ( its a small very badly run family business) continue to run the business and incur debts ( rates, rent etc,.etc) over an extended period of time, are those debts being incurred by the dissolved company or by the directors/members?
I've...
An interesting little teaser.
For complicated reasons, an elderly person wishes to sell their home, entirely, to their niece. She is a first time buyer and will live there, will borrow X from the bank, get a bona fide gift of Y from someone else and a large loan from the vendor. The vendor...
Given my mathematical/taxation inadequacies.........can anyone help?
Client acquires land from relative in 1973 ( about 11 acres poor quality scrubland) - it seems to have been stamped at £39.00 ( related parties) - so I think the approx. value might have been about £4000.00. (Any comments...
Re: Parting Ways on Joint Ownership
I'm pretty certain we've had this discussion before. I have always argued with Revenue on this one. If I am buying my partner out then it is vital to take the mortgage into account. Otherwise I'd be paying tax on an asset without discounting the debit...
We're halfway through a small build job - new garage at the end of the garden backing onto a lane ( 5-6m wide) being part of it. We need a drainage connection ( not sewage) and had allowed what we thought was a generous 3K for that. Its 5m length, 1.5m depth and 1.25 mm diameter. Local...