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    Partnerships - mileage?

    An equity partner can't take a salary. Any salary is added back in arriving at taxable profit. Each partner is then taxed on their portion of the profits, under Sch D Case I/II as if it were a separate trade. Mileage expenses are allowed as a deduction from Schedule E emoluments. There's no...
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    Transborder Relief on Part-time Employment

    There's nothing in the legislation to prevent claimimg the relief where there is more than one source of income. The relief is actually calculated by reference to the foreign income and total income, ie non-foreign.
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    Non Resident left Ireland permanently in 2010 - what to do with Tax Form 12?

    Fill out the form and return it to Revenue. You don't need to fill in lots of zeros as it clearly states "Any panel(s) or section(s) that do not require an entry should be left blank." Just complete the relevant sections. You'll note there is a box for you to tick if you are non-resident.
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    Relief on Lump Sums s 480 TCA

    The section effectively reduces the tax chargeable on a lump sum to 20% in cases where the receipt of the lump sum pushes the recipient in to the higher tax band. If you already pay tax at the higher rate then, then no relief is available. Have a look at Revenue's guidance notes, there's...
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    VAT on rent of books??

    Thanks for the update.
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    Vat registration

    Firstly, I'd get confirmation that this wholesaler will only deal with you if you are registered for VAT. I can't think of any disadvantage to them if you are not VAT registered. Perhaps they are looking for proof that you are in business. If you are registered for VAT you must charge VAT on...
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    VAT on rent of books??

    @Where_to_now That might work. You'd need to determine what "an authorised third party" is, who does the authorising and what criteria must be satisfied If this was an option then you would be making exempt supplies which means you wouldn't be able to register for VAT in respect of those...
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    VAT on rent of books??

    Thank you Joe. I would say 23% rate applies. For the zero rate to apply you'd need to successfully argue that "of a kind specified" is sufficiently wide to include the goods listed whether sold or hired. I'd interpret "specified" to be very narrow. Perhaps, the courts would think otherwise...
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    VAT on rent of books??

    Supply of goods and supply of services are both defined in the VAT Consolidation Act. A supply "in relation to goods" involves the transfer of ownership. There is no transfer of ownership here so it must be a supply of a service. The supply of books is zero rated. The relative section...
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    VAT Registration Threshold - Photographers

    Well that's why your getting confused messages. If the majority of your work is (1) then it will be deemed a service. If the majority of your work is (2) then it will be goods. Each individual case will be assessed on the facts specific to it as you can't assume each and every photographer...
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    VAT Registration Threshold - Photographers

    There's none that I'm aware of and I don't think there needs to be. Photographic prints are goods. The attendance at an event to take the photographs is incidental to the supply of those goods. The time spent on location may be a determining factor in the end price but it is not a service in...
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    VAT Registration Threshold - Photographers

    It depends on whether you're supplying goods or a service. The supply of photographic prints is a supply of goods (albeit taxable at the reduced rate of 13.5%). It's my view that the service element (ie the taking of the photographs) is ancillary to the main or principal supply of...
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    Website content being copied by a competitor

    This is a common problem. It's happened to me twice (that I know of!). In each case the business was completely unaware that the content had been copied and were very annoyed that they'd paid good money only to have a copy and paste job. A friendly phone call and email worked for me. The...
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    LPT: Father in nursing home but Daughter and Parner living in property.

    No need to be so patronising about it. If you re-read my post you'll see I said "I'm not sure..." I did have a quick scan of the amendment act (as quite clearly it was a drafting error) but I didn't spot the amendment.
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    LPT: Father in nursing home but Daughter and Parner living in property.

    I'm not sure this is correct. It would appear that the provision that no other person is occupying the premises only applies were the owner has been absent for less than 12 months. Section 5(2) A residential property shall not, for the purposes of this Act, be regarded as a relevant...
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    Discussion: Why is it called "Local" Property Tax?

    Nobody has taken a case as it's unlikely to succeed. The legislation is quite clear in what is allowed as a deduction for calculating rental profits: Is NPPR or LPT a rate? "Rate" isn't defined in the tax acts. You'd probably need to go back to Valuation (Ireland) Act 1852 to find a...
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    LPT: Are owners afraid to disagree with Revenue's Estimate?

    If your return is queried you'll most likely get a letter from Revenue requesting you submit reasoning/supporting documentation. The chances are you'll have to re-submit what you've already sent and there could be further communications to seek clarifications etc. It's unlikely to be as need...
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    LPT: Are owners afraid to disagree with Revenue's Estimate?

    Very well said. I think Revenue has made a big mistake issuing these estimates. Judging by comments on this and other sites it serves only to confuse the issue (and some media coverage doesn't help).
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    BES investment company now refusing to pay

    AFAIK BES shares must be ordinary shares with no preferential rights. I note that you state the directors (and not the company) gave a committment to purchase the shares. This would tie in with the shares having no preferential rights. Who is this agreement to purchase the shares between...
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    Can I write off home/office extension as business expense & Vat

    @wizardDr - I thought my post more or less reflected your standing: you could but probably shouldnt'. Whereas Mandelbrot's standing was: you can't. There was no consensual conclusion reached, which is why I threw in my tuppence worth. I wouldn't say there would be a "resulting" CGT issue...
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