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    Renting a room in my own house for business

    You may leave yourself open to rates being charged. Generally, I wouldn't charge rent but claim a reasonable proportion of house expenses. You'll get a deduction for corporation tax worth 12.5% for rent but you and your brother will be liable at 20 or 41% and you open up cgt possibiblities.
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    What yield would be the minimum for house in Northern Ireland?

    Marg, I have seen posts which indicate you won't be subject to uk cgt on uk property if you're from and resident in the south. You'll just pay the irish 20%.
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    Can a sole trader claim mileage and subsistence?

    Hi, Staff exps are ok - xmas party etc. Any third party entertainment not allowed. Advertising & promotion is ok but I don't think you'll get away with calling a meal for two in Chapter One advertising - even if it is in reality. Question; what about a self-employed person away from his office...
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    mortgage interest relief

    Sorry, I didn't read all properly. In your case you get the 3% as TRS but the BIK you suffer because of the preferential rate is deemed interest paid also and this is given as a credit.
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    mortgage interest relief

    It shouldn't appear as a credit if you get it at source (TRS) which reduces your mortgage payment rather than increases your take home pay. However if for some reason it doesn't fall under the TRS then it can appear as a credit (eg if you have an ordinary mortgage it may get TRS but if you had a...
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    How does Home Carer's Tax Credit Work?

    A point to watch out for - if you got the credit in one year you will not be excluded from it in the following year simply by virtue of the fact that the person claiming's income has exceeded the threshold (6k odd). However Revenue's software can't handle this fact and if you are trying to...
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    Tax liability

    The interest on the loan(s) borrowed for the house will be ok for rental income purposes - however you may have an issue with tax relief on the interest on your PPR which is now given at source (TRS), if you were receiving this relief at source from your mortgage repayment after you had rented...
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    Section 23

    If you claim this deduction in the first year and create a large rental loss for yourself, can you continue to carry forward this loss against your rental incomes into eternity? (i.e. even after 10 years is up) What is the significance of the 10 year period exactly (presumably you have to retain...
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    HELP - ROS Digital Certificate expired

    Have you changed from one computer to another or otherwise messed around with the folder where the cert was on your computer?
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    Optical Vat Refund

    It looks to me as if it's the vat we paid them and they paid over to the revenue then. It now appears that they needn't have charged us part of the vat. But do you think you'll see opticians' prices falling now?
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    Can you claim NI Dental Work on Med2?

    My sister sent the Med2 to the dentist in norn iron after the event and they filled it in - no pun intended.
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    Irish People And Escalators

    Robbed from Ainya in Shooting the Breeze Did you hear about the near-tragedy at the mall? > >> >> >> >There was a power outage, and twelve blondes were stuck on the escalators >for over four hours. ***************** > >> >> >>
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    CGT - loss carry forward versus personal exemption

    Hi, If I have a 1000 euro cgt loss from a couple of years ago and this year have a 1570 gain, is it ok to only use 300 of the loss and carry forward the other 700 euro? (as I could use the 1270 annual personal exemption also). OR do I have to use all the loss first and then effectively waste...
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    Excellent Ryanair Customer Service

    Fair enough then.
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    Excellent Ryanair Customer Service

    Am I right in thinking they double-booked you? If so I don't see why you'd be so grateful to get your money back. Depending on circumstances this could really inconvenience someone. Maybe I picked you up wrong.
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    sweet revenge

    Well I'm off - I don't want to get plankton.
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    Can pension income be Relevant Earnings

    Thanks, that makes sense.
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    Allowable carry forward of pension premiums

    Thanks Bazermc
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    Can pension income be Relevant Earnings

    It also takes in income arising in respect of remuneration from a non pensionable office or employment - but I suppose that doesn't cover previous employment?
  20. P

    sweet revenge

    Well scale it down at least
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