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    Income tax implications of becoming an IT contractor €450p/d assuming 200 days p/y?

    Irishguy ring the umbrella companies such as CXC and they will tell you their rates and what % of daily rate you can retain and will give you details on their fees . There are other companies doing this as well so shop around if you are concerned..
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    Income tax implications of becoming an IT contractor €450p/d assuming 200 days p/y?

    Hi irishguy, Actually I would recommend you contact someone like cxc who manage contractors and they will give you details of what you can deduct and what your net monthly income is. I remember they giving me an excel spreadsheet outlining what I could deduct. Also another company is...
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    Investing in Limerick

    Hi Hans , I have set a budget of 100K (ie 75K mortgage) and dont want to creep much above that (max 120K purchase). Thus based on that I dont think I would have much opportunity in Dublin in that price range albeit I have studied the Dublin property in any great detail. I have heard varying...
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    Investing in Limerick

    Looking at purchase of house in Limerick and wondering if anyone out there has any feedback on best areas to purchase house.. Areas of interest are Dooradoyle, Castletroy and Caherdavin due their location close to hospital and colleges respectively. any comments on these areas from...
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    Moving from fulltime to contract employment

    I am currently contemplating some IT contract work and leaving my current fulltime position for a multitude of reasons which I dont want to discuss at the moment. I am concerned about any benefits I may be entitled to if contract is cut short..( 1 year contract) as wondering if I would be...
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    start your own business = €40k tax free for two years

    HI Brendan, I thought there was some seed capital scheme already in place for redundant PAYE workers
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    Revenue querying source of cash used to purchase property

    Yes , Revenue do question this and have been through this and not an issue once you can show that you have received this by legitimate means...ie worked and received salary abroad / sold property abroad.
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    Key Post Is there any merit in setting up a company to invest in property?

    Thanks Brendan, As currently in the process of purchasing a property I figured that it was no harm to check this possibility out and explore the pros and cons. As you mention there may be merits for some businesses to purchase through company structure but not for me. Saying that hopefully we...
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    Key Post Is there any merit in setting up a company to invest in property?

    Thanks Brendan, My intention is to buy a house with commercial potential. This property needs a lot of work and thus wondering if it is worth buying through a company if there are any benefits with respect to: reading through your recommended post I am still not sure if it is a viable solution...
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    Key Post Is there any merit in setting up a company to invest in property?

    Hi, I am currently looking at investing in property and hoping to buy and appartment/house in Galway. I am also looking at a property with some commercial potential but needs some work. What I am wondering if it is worthwhile purchasing a property via a Ltd company and if there are any...
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    BTL Residential Property in Galway city

    Ajapale. No havent considered any other investment strategy Ideas ?? :-)
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    BTL Residential Property in Galway city

    Thanks Bronte, It makes sense what you are saying as regards current availability around the colleges and was trying to ascertain if student accommodation is really worth it and will take your advice. Actually I went to see some student appts in the city and they needed some work and I...
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    BTL Residential Property in Galway city

    Yes Bronte, I have looked at the rents in the different places on Daft but still hard to gauge if they are renting at quoted rents. I looked at Roscam and seems a bit far out...rents advertised around 800 Eur See many houses close to GMIT especially around Glasan (across the road from...
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    BTL Residential Property in Galway city

    Yes had a look at Salthill but a bit more pricey.. As regards Tirellan I figured that it being out a little bit from centre that you wouldnt command a high rent and also may have vacant periods. As an investment I am wondering if a city centre appartment is better in the long term... my...
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    BTL Residential Property in Galway city

    Mercman I haven't submitted any formal cash offer for any property as just at the beginning of this journey but your suggestion to ensure vendor is informed is a very good one though I presume they are not obliged to do this. Admittedly it is wrecking me head as I am trying to look at all...
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    BTL Residential Property in Galway city

    Bronte, I am planning to purchase a "buy to let" and have walked the streets of Galway in the last few weeks and spoken to many Estate Agents. There are a lot of apartments for sale and some are geared to professionals and many to students. I know that there is general benchmark to achieve a...
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    BTL Residential Property in Galway city

    Hi, Currently looking at 2 bed apartments in Galway city. The rent varies between €700 and €950 and thus wondering what are the best locations in the city. I have see a few apartments which would require some refurb and often crippled with €2,000 Euro management fees. Any suggestions of...
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    Investing in Commercial Property

    Yes Brendan, Bronte . My plan is to invest at this side of Xmas due to the GGT 7 year exemption. From what I have seen so far on the commercial front there are plenty of properties and have very good long term potential but in the immediate future one could be looking at a vacant commercial...
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    Investing in commercial property

    Hi Oldnick, On recommendation by Bronte I read your posts on commercial property with interest and currently thinking of investing in commercial. I am currently looking residential and commercial and trying to see if commercial is a better long term investment. Oldnick do you have a...
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    Investing in Commercial Property

    Hi, I am currently planning to return to investing in property in Ireland and currently looking at commercial properties. I have some residential units but looking at some value in commercial and wondering if anyone can outline the costs with managing a commercial premises as it is a different...
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