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    Can directors get tax-free severance pay?

    Section 7 of the Redundancy Act 1967 sets out the criteria for qualifying for statutory redundancy. It states the employee must have been an "employed contributor". If a Director is on PRSI class S they are not an employed contributor...
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    Director - Bike to Work Scheme

    A Director of a company can avail of the bike to work scheme the same as any other worker
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    capital gains tax on house

    If it is not your home you might also check if it was purchased before the 31st December 2014. There is a cgt relief for properties purchased between December 2011 and December 2014. Originally the properties had to be held for at least 7 years but this was reduced to 4 years in Finance Act 2017.
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    Foreign employees

    Article 15 of the Ireland/Poland double tax treaty covers the taxation of employees. If the employees are resident in Ireland, do not spend more than 183 days in Poland, the salary is paid by an employer not resident in Poland and the remuneration is not borne by a permanent establishment or a...
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    CAT - Inheritance from US

    If the inheritance is deemed to be located in the US there may not be any Irish tax liability. See Revenue guidance on the Irish US double tax treaty - http://www.revenue.ie/en/gains-gifts-and-inheritance/credits-you-can-claim-against-cat/double-taxation-relief-usa.aspx
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    Transborder worker with self employed income

    If he is Irish resident working in NI then he should file an annual tax return and claim transborder relief. It is not an exemption but is a relief which can be claimed when submitting his income tax return. If he is in receipt of other income he should include this on the return. The...
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    Buying premises through the company or personally?

    I don't think it is as straight forward if you are buying a property for use in a trade rather than an investment property. If you have sufficient personal funds then you can purchase the property personally. However, if you have to borrow to acquire the property it is more expensive in the...
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    Retirement relief - calculation of marginal relief

    Brendan, Calculations on Entrepreneur relief are correct. There are a few conditions to satisfy - one is that they must work in the business in a "managerial or technical capacity".
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    Retirement relief - calculation of marginal relief

    You should also confirm it he would be entitled to the 10% CGT rate under the Entreprenuer relief.
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    Key Post Dwelling House Exemption from CAT

    Your summary is correct and the answer to your three questions is yes these three conditions remain: the person inheriting the house must occupy property as their only or main residence for 3 years (or 3 out of 4 years in case of replacement residence) immediately before inheritance the...
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    Two-Thirds Rule: Motor Industry

    The concessional treatment is for car repairs - not the sale of cars. This treatment means car repairs will be subject to VAT at 13.5% rather than 23%. I think the reasoning is if the two thirds rule applied a lot of car repairs would be subject to 23% VAT as the parts would be more than...
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    Two-Thirds Rule: Motor Industry

    Two thirds rule does not apply to car repairs by concessional treatment by Revenue. [broken link removed]
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    Is a court-steps settlement tax-free?

    Personal injury compensation is tax free in most cases. See following link for more details - [broken link removed] If the compensation was for loss of earnings instead of personal injury it may be taxable.
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    Taxation of Exercised Options and Vested RSUs

    The scheme would need to be reviewed but in general in the case of the share options you must pay tax via self assessment within 30 days of exercise date. On the RSUs - the tax on these should have been deducted by employer through payroll system. If you sell the shares (either on same day...
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    EII Schemes - Invest in Spouse's Company

    Yes I have seen this a number of times. You can also invest in a company you already own if the share capital and loan capital is less than €500,000
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    Do I need to declare offshore accounts which are now closed?

    The deadline is to declare any previously undeclared income from offshore assets - not disclose all offshore assets held on 1st May 2017. In your first two examples this has already been declared to Revenue so no additional disclosure required. On the Rabodirect funds it would depend on what...
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    Loan to Parent Company

    If a loan is written off it is a loss for the company that advanced the loan. A loss would reduce the distributable reserves of this company.
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    advise on ROS tax-return please

    Only PRSI on non PAYE income goes into form 11. PRSI deducted through payroll is not included in form 11
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    "I have to sell the house to pay the CAT."

    Section 54 of the CAT act allows certain CAT liabilities to be paid by monthly installments over 5 years. As set out in previous posts, statutory interest would apply. The rate is high and a bank loan may be cheaper if this is possible.
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    Finance Bill makes huge changes to Dwelling House Relief for CAT

    I think these type of properties can still be transferred tax free if they qualify as "heritage properties" http://www.revenue.ie/en/tax/cat/leaflets/cat8.html
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