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    Key Post Some wealthy people are worrying unnecessarily about their finances.

    Hi Gordon Interested in your calculations as I'd be looking at something similar as required. There is such varying info out there - if you want to feel much better (but I am dubious about the genuine feasibility of this), the pension store website suggests that Eur2m pension pot would get you...
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    Tenants to have a right to purchase at an "independent valuation".

    This legislation is madness! - not only can the tenant get 90 days to match an offer anyone else makes, if they do match it, the landlord is obliged to let the tenant have it? It's the landlord's property, they should get to decide to whom they sell it. This will also reduce the number of...
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    Landlord incentives

    While tax relief would have been hoped for - an obvious one to encourage landlords to stay in the market would have been CGT exemptions for a duration of time in the market. All they've done with this is allow SF to spout and grab soundbites with it being a "landlords" budget (does no one...
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    Is Ireland a highly taxed country?

    Hi Brendan How can you say this. USC has stopped doing what was intended, aka make everyone pay something! Increasing the tax base has been whittled away by populism and a competition almost of "how many can we remove from paying USC" each year. Also, if you take Eur100k or Eur150k Vs the Eur25k...
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    Sinn Féin's tax proposals?

    To be honest, as someone in late 40s who paid 9% stamp duty on the full cost of the house, had no help to buy schemes, nobody fretting about my childcare costs and within 2 years of taking same, ended up with an increase in marginal tax rate of about 8% (none of which has been temporary!) tax...
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    Any Money Market Account Customers?

    Hi, thanks for your reply. The account held here is with Ulster Bank Ireland DAC, I just know that the account into which it is swept on a monthly basis is in the North. Guess that doesn't bode well? It's pretty devastating to lose that if that's what is going to happen - how come our...
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    Any Money Market Account Customers?

    Does anyone here have a money market account with UB - it's held in NI but is in effect a savings account that rolls over on a monthly basis and has a fixed margin interest rate? It is swept into the money market account from an account held here, each month Does anyone know if there's any...
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    Health Insurance premiums and BIK

    Hi Quick question please - can a self-employed person with their own limited company setup, pay health insurance premiums for the family and then pay BIK on it rather than having to pay from net income? Thanks S
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    Will tracker refund and compensation be taxable?

    Hi Slightly different bent on this compensation question but I cannot seem to get a proper feel for what's going on here: Situation: Customer made complaint about not being allowed lodge funds to a savings account, long story short, bank has agreed to pay the amount of interest that should have...
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    Compensation - taxable?

    Hi all, Apologies if in incorrect thread but if a Bank is compensating someone for Interest that should have been earned on money in an account, I understand that the payment to be made as compensation will only be the net amount that you should have received after DIRT on that interest...
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    Tax on rental income - 1st year

    Thanks so much, perfectly clear
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    Tax on rental income - 1st year

    Hi I was wondering if someone in the know, could clarify an issue for me Situation: Apt rented out for 1st time April 2018 so tax return for 2018 income and profit etc to be completed by end October 2019 for 2018 as part of self-assessment. 2 Questions: Is there a preliminary payment due for...
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    Pyrite in Waterville, Blanchardstown?

    Hi For what it's worth, I've owned an apt there for the last 16 years and have had no issue nor heard of any issues. Can only speak for the development bordering the Snugborough road ie Tory sq Blasket Sq etc as the apts in closer to the hospital Waterville Terrace etc were a different...
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    Query re calculation of tax liability following audit

    If a self employed (LTD Company) individual has claimed some expenses over a few years that following a tax audit, are deemed not allowable (thanks to the accountant who said there was nothing to be concerned about!!!!!!) How is the liability before penalties calculated? For example if eur10k...
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    41 looking to retire at 50... possible ?

    On one point mentioned above, I don't believe anyone on Eur100k gross and making any kind of pension contribution is bringing home a net of over Eur5k per month. The days of effective tax rates being 40% are no longer with us, (and I do mean effective, not marginal tax rates). With a salary of...
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    Vodafone / Verizon Sale

    ESOP Vodafone shares Can anyone confirm that there is likely to be a CGT liability on the Vodafone/Verizon payout if some of your Vodafone shares are as a result of the eircom ESOP and thus have a "nil" base cost?
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    "Bail-in" - Likely to be spread across all banks in Ireland or just troubled bank?

    Post the Cyprus "bail-in", I'm trying not to panic about a PTSB term deposit just entered into (before March 28th and thus theoretically covered under the ELG). Given that ulitmately, Cyprus backed down on taking money from depositers/deposits of less than 100k and honoured that "guarantee"...
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    Mortgage Protection Insurance - change Ins company every year?

    Hi there For what it's worth, I did this for about 5 years in a row but found last year (Sept time frame) that these offers are now almost non-existent as the companies become wise to the practice. Also depending on your age and size of mortgage, you may be asked to submit to a health check...
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