My spouse has been paying into PHI scheme for well over 10 years and may not have been claiming tax relief on the premiums.
I understand that PHI/Permanent Health Insurance (as opposed to Private Health Insurance) is eligible for relief at the full rate (perhaps that has changed in recent...
Recently I wrapped up doing work for a startup company who I had worked with for a period of 5 years on and off.
I guess the fact that they are around 5+ years means they are not really a startup ...
Anyhow - the company secured angel investment around 2009/2010 and really never was...
I've a very quick question regarding how I might send a security deposit for 300Eu or so to the people who are renting a house to us in France later this summer.
They have a French (Euro) account.
All they need is something like a cheque (in Euro) which they can cash in the unlikely event...
Many thanks for that, Ravima.
I reckoned it was something straightforward like that.
I assume past issued dividends are honoured and don't have a shelf life unlike the shares which have long gone south.
For Divident witholding tax my assumption is that we keep the counterfoils if we cash the...
My wife has a number of uncashed AIB dividend warrant / cheques issue dates between 2005-2008.
On the bottom of the warrant it says
"If this warrant is not cashed within 6 months it must be verified for payment by the Company's registrar, Compushare Investor Services (Irl) Ltd...
Padraig - Sure it would make absolutely no sense for the donor to be taxed on a benefit that they voluntarily gave up. However, this is not what I am asking. I am wondering (as per what others have suggested on other forums) that the TDs could somehow gift the pension amount net of tax to the...
That was my recollection too. I seem to remember a local church suggesting something about donations and them being able to get the tax relief if the donor did some basic tax paperwork.
I assume TDs are considered as ordinary PAYE workers in this context (?)
Is there any semantic difference...
I think I follow.
I am thinking of the example of someone in receipt of an existing pension deciding to gift that pension to the state rather than someone refusing the pension at the outset of receiving that entitlement initially.
In that scenario are you saying that they would be no better off...
If someone were to "gift" a state entitlement, eg: a state pension to the state would they accrue some tax benefits which would allow them offset their future taxes based on some portion of the entitlement they "gave up" ?
A topical question, I know but I genuinely am interested in knowing...
The lender in question is AIB.
Personally I think the person is spoofing on the fact that the bank allowed them ECB tracker rate on the extension to the loan.
I suspect they were just saving face or else the person who relayed the story to me was unreliable.
I heard the story second hand from...
Someone known to our family claimed that they have (in very recent weeks) managed to secure an extension to their existing mortgage with a view to purchase a site approx 100k (subject to planning permission) on tracker terms.
They would be building a new house and putting their existing house on...
I know that most if not all of the banks here ceased to do tracker mortgages since late last year (true?).
Are there any instances currently where someone who wishes to extend their current mortgage (example scenario - purchase of a site in advance of selling their existing home) where the...
What is your view on what Brian Carey said on PrimeTime , regarding the fact that if the capital hole in Quinn is now at 700m (up from 100mil originally) then the state would probably have a very hard time offloading such an insurance /business group off to private investors any time soon....
-Ian
Looks like the levy is heading towards being transmogrified into a corporation tax surcharge to
"avoid any complications that could arise for bank balance sheets or capital from the explicit legal contingency of the levy"
Only can be paid out if the banks are profitable (after they come...
Someone summarised it recently quite well with the phrase that
"Banks are not altruistic"
This is just a fact of life. As publicly quoted entities they exist primarily to give return to their shareholders.
Also, to be fair, they have minimal capital requirements to meet and given a choice...
You are hitting the nail on the head here DaraG.
I had a rude awakening this morning hearing Frank Fahey effusively cheerleading NAMA and the profits it would generate for the state.
Karl Whelan has just started a blog post on the risk sharing mirage
on www.irisheconomy.ie.
I noticed...
Yes, that makes sense.
I read the analysis piece in the Irish Times later this evening and I see the risk profile for the SPV [broken link removed] and it tallies with what you have said.
Also I see there that an SPV was also used recently in some financial rescue scheme put in place in...
I assume the bonus of 10% of capital is 10% of the SPV capital amount (i.e 10% of 100Million Euro, not 10% of the "notional" NAMA profits ?
Actually my original question was not about the SPV at all.
I was asking about the 5% of NAMA bonds transferred to the banks as a token gesture to...
I think we are talking across purposes here.
I am pretty sure you are talking about the SPV (Special Purpose Vehicle) which was only mooted in the last few days as a way of keeping NAMA liabilities off the government debt balance sheet.
The assymetry in the risk in that is staggering but...
So the minister has apparently clarified that the amount of subordinated bonds issued to the banks as part of the token risk-sharing in NAMA will be capped at 5% and the reasons he gives is that these bonds have to generate a coupon of somewhere between 5-7% to reflect the riskiness and that a...