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I would entirely agree that if the shed is moveable then it isn't owned by the person owing the property.

An issue that you will need to determine is who will own the shed. The general principle of property law is that the person who owns the land also owns what is on it. The direct implication is that if the shed is regarded as belonging to you then you have taken funds from the company for your...

This depends on when you want the use of your wife's unused tax credits - monthly or in 2025. You can contact the Revenue and ask them to reallocate your wife's credits to you to the extent that they will transfer. No all credits are transferable. The Revenue, most likely, will issue you a...

I would keep things simple here - file your last tax return (Form 11) via RoS and keep your income tax registration open until then. Once you have filed your 2024 tax return then de-register from income tax with effect from 31/12/24. I wouldn't bother moving to MyAccount for one year.

Just Google dormant exempt accounts. By using either a spreadsheet or a Word document you should be able to get there. No accountants certificate etc is required for audit exempt accounts so, yes, you can do it yourself. Accounts are required regardless of the fact that the didn't trade but...

There isn't any Revenue guidance on the topic so probably not a straightforward or simple answer.

For anyone who has taken out Irish Life public sector AVCs (e.g. HSE/Gardai), perhaps through Cornmarket or Irish Life directly, they should take a look to see if they have signed up to a Consensus Individual Retirement Strategy. This "strategy" moves the AVC into a Capital Protection Fund as...

I use DHL all the time and find them very good including the customer service. I only ship documents so I don't know about bigger packages.

Yes, that is one of the few advantages of being vat registered. Just be aware of the items you can't reclaim Vat on and you'll find details on the Revenue website.

Stamp duty is a tax on documents - no document and no duty. However there is significant commercial risk as you don't have written title to what you have just bought. Additionally, a written offer/oral acceptance is a complex enough transactions - the additional legal fees on converting the...

Retirement relief has a full time working director requirement and entrepreneur relief has a 50% of working time requirement. Neither provision states that a salary should be drawn. However, the onus would be on the you, as the person claiming the reliefs, that you satisfied the full/part time...

Yes, the turnover thresholds apply regardless of the location of your customer.

May not be that simple - look into the bond washing provisions contained in section 815 TCA. This is an income tax charge and has priority over CGT.

You may have tried to claim it the wrong way. If you made the payment in 2019 you should be able to claim the AVC in 2019 and so on. Do it before the year end as the four year window closes for 2019 at the year end. The Revenue are correct to state that if you wish to claim an AVC payment...

Goto your "Revenue Record" tab in ROS and then the options on the left hand side should tell you. Snipe below

You might want to approach a tax advisory firm rather than an accounting firm. There are a few of them around.

Form 12 can't apply PRSI (yet) - not sure if this is scheduled to change. Just ensure you your dividends aren't too high that it puts you into a chargeable person with the requirement to file a Form 11. PRSI is calculated on a Form 11. From memory I think you become a chargeable person if you...

You need to talk to a tax consultant on this and do a financial model with tax impacts. There is lots going on here from a tax viewpoint and don't forget vat. My first question is why use a company in the first instance?

I think it would be difficult to document such a gift as you are splitting ownership. I'd talk to a solicitor in the first call. I can see stamp duty issues and a transfer won't be able to be done if there is any type of mortgage on the property. The small gift exemption is worth using but...

Yes, a company strike off is a few hundred Euro so long as there are no assets/liabilities in the company.