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I am officially an eejit....

Yes I have the exemption cert. Don't understand the difference between the gross amount or profit though? If profit is tax free then expenses claimed won't change exempt income from a taxation point of view in any case? Maybe this is the reason for audit, although if I haven't claimed expenses I...

I have never claimed any expenses though, just paid for any work-related necessities out of my income as it was completely tax-free up now.

Thanks, really helpful stuff there. Have never had an accountant up to now because i never really needed to keep accounts as income was tax free so there was no profit and loss as such. I just declared earnings via Form 11 and then paid PRSI owed based on that. I also have a Uk bank account and...

Thanks so much for your reply. Rental income comes via bank account and I am PRTB registered so should be no issues there. Re income, I get paid different amounts in different currencies quite haphazardly and most comes via my agency based in London who hold most of my payment records. Have only...

Would be so grateful to hear from anyone with experience of a revenue audit if possible

Hi all, have just received notification of a forthcoming revenue audit on my income. I am a self-employed writer and my incomings/outgoings for the last few years have been erratic and my accounting system a bit of a mess to say the least as income comes from many different sources... Also have...

Thanks folks good to know. Was thinking of paying by direct debit month by month and then just cancelling the d/d when the property is sold but not sure if this would mean I'd automatically owe the full yearly amount anyway. Good to know they give refunds.

Thanks Paddy, do the insurance companies do that kind of thing? Insurance will be invalid once ownership changes hands in any case.

Something else to consider. You say your current mortgage is on a good rate ECB &.5 Unlikely you'll get such a good rate or a tracker on the new mortgage so in principal I would agree with your strategy of using your savings towards the new home and paying this new mortgage (the one with higher...

House I'm selling is currently sale agreed and contracts are due to be signed at beginning of next month. However current house insurance is due at end of this month and property is vacant. Can one insure a property on a month-by-month basis?

You'll soon get a letter from the prize bonds office asking for those details I'm afraid! ;)

+ 1

Just to look at this from a seller's perspective. I put mine on the market taking into account the market drop at 50% of the price it was sale agreed for at top of market. This was actually pointless because buyers didn't take the drop into account and starting making offers in huge percentages...

Yes, but the OP is merely trying to ensure he does not have to pay tax in both countries ie that his employers in Denmark do not deduct or withold Danish tax on his behalf.

Yes, that's exactly it and get revenue to phrase it so that it clearly states you are 'resident in Ireland for tax purposes.' When you get the letter give it to whoever will be paying you in Denmark (or wherever tax may be deducted at source) and as long as a double-taxation agreement exists...

Hi jimbo, I get paid in a similar way from different countries. Basically you need a letter from the tax authorities clearly stating that you are resident in Ireland for tax purposes. That way you can avail of double-taxation agreements that are in place for certain countries so that you don't...

This is just fantastic, can't thank you enough!

Thanks again, fantastic help. Yes bought in Feb 99 and good to hear I can include my buying fees from back then. Do I then subtract today's selling fees from the profit amount as well as CGT allowance?

Thanks so much, actually we moved out in 2006 so can I include 8 yrs relief? And yes, the 1270 for my wife and I is what I meant, thank you.