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    Typical Annual Management Charges

    Thanks Gerard - this is very helpful. No early encashment charges, 100% contribution to purchase units, 1% AMC & no mention of a policy fee.
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    Typical Annual Management Charges

    It is an existing single member scheme and any advice would have been limited to the type of scheme. I'm not aware there is a policy fee and I think 100% of both contributions are invested. There is an early encashment charge. The documentation received from Zurich is the standard stuff that...
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    Typical Annual Management Charges

    I have an executive pension with Zurich and the Annual Management Charge is 1% on most of the funds. Is this AUM set by the broker or by the life company? If set by the broker is this a typical management charge? The company makes regular monthly contributions c.€500 and then a lump sum in...
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    A question about Stock trading, CGT and dividend tax in Ireland

    Any profit on trading is liable to CGT and there is a EUR 1270 per year exemption. Any divs liable to income tax at marginal rate.
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    CAT rules re thresholds

    Sounds correct, add the gifts/inheritances together and anything over €310K is taxable. The 80% threshold figure is the figure that triggers a requirement to file an IT38.
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    Responding to revenue letter on Share Options

    The Revenue have obtained information from your colleague's employer. Interest is at a daily rate of 0.0219% is charged from 30 days after the share options is exercised to date of payment. I wouldn't bother calculating any penalty as this is generally determined by the Revenue. The only...
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    Property Renovation

    Yes, you can claim enhancement costs against the sales price on a future disposal which will reduce your capital gains tax.
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    Tax on share options, vesting

    There is no tax issue with the vesting of share options in any circumstance. Statutory reference is section 128 of the Taxes Consolidation Act 1997. Vesting is relevant for RSUs but not for share options.
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    Foreign Company with Irish Bank Account

    My understanding is that the place of business category was abolished under the Companies Act 2014 and this may be reason for why it isn't there anymore. I'm not an employment solicitor but it would seem a little unusual to me that you can't lodge a compliant against a foreign employer. Why...
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    CGT And Purchasing Goods In Foreign Currency

    aamhex - I agree with you. In practical terms the €1,270 will cover most things. From memory making a disposal of an asset (and perhaps even purchasing one) makes you a chargeable person and hence the tax return requirement. I'd imagine that this provision is more honoured in the breach than...
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    CGT And Purchasing Goods In Foreign Currency

    A foreign currency is an asset for tax purposes - think of it like a share. Your purchase of the bike is i)the disposal of the currency for cgt purposes and ii) purchase of an asset for CGT purposes (most likely a wasting chattel). Your CGT base cost is Euro value at date of purchase €12,600...
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    CGT treatment of shares sale paid by part cash and part shares

    You will probably find the whole lot is taxable - cash plus market value of the shares at date of "sale". There is relief available on paper for paper transactions so the swapping of one share for another is not taxable - however this is tricky and ususally requires that the paper for paper...
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    Awarded compensation for Unfair Dismissal - is it taxable?

    My understanding is that unfair dismissal payments are for loss of earnings and are therefore taxable. However it is a payment arising from loss of employment so that the statutory reliefs apply. Basic, increased exemption and SCSB should be available. The title of the Revenue leaflet is...
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    Overpayment of PRSI for 2010

    My understanding is that there is a 4 year time limit that came in a number of years ago - same treatment as for tax. Earliest year you can now claim in 2012.
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    Applicability of marriage allowances

    No, my understanding is that the spouse also has to be resident in Ireland.
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    Avoiding (legally) stamp duty on Irish company shares listed on non-ISEQ exchanges

    You will probably find that the Ryanair shares are held in ADR (American Depository Receipts). If you haven't heard this term before I wouldn't be too bothered unless you have a specific interest in the mechanics of share ownership. From memory US ADRs don't attract stamp duty so that is...
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    Sole trader working for educational institution - tax implications?

    In practice I understand that most educational institutions operate PAYE on lecturers so you may not have a choice. There was a court case on this a while back and the Revenue issued some guidance in tax briefing. As indicated above you could get an extra tax credit so I'd go down the PAYE...
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    Ace Paving

    No receipt, no cash out comes the cheque book.
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    Meaning of Travel & Subsistence exactly

    Plenty of detail on the Revenue website about this including all the rules and conditions.
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    Standard Rate Band both working

    No, as you are jointly assessed you can earn Eur 66K without the higher rate band. Some of the tax rate band can be moved from the pension B spouse to the pension A spouse. There are restrictions and what rate bands you can transfer between spouses but these should not apply here. talk to...
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