J
JMacL
Guest
Hello all,
My employer has recently stated he was going to give me a pay rise. Obviously im not keen on paying the extra tax on this so came across this:
Edit: Cant post a URL so google: Revenue ie free use of assets
Am I right in saying my employer could fit out a home gym, retain the ownership of the equipment and I only pay 5% notional pay. It should be noted this has nothing to do with the line of business (office supply) but then neither does the example revenue.ie give as above.
Just wondering if anyone has worked such an agreement with their employer. I'd like to get other's feedback before I approach him. I've also emailed revenue for their input but have not yet heard back.
Thanks,
DJ
My employer has recently stated he was going to give me a pay rise. Obviously im not keen on paying the extra tax on this so came across this:
Edit: Cant post a URL so google: Revenue ie free use of assets
Am I right in saying my employer could fit out a home gym, retain the ownership of the equipment and I only pay 5% notional pay. It should be noted this has nothing to do with the line of business (office supply) but then neither does the example revenue.ie give as above.
Just wondering if anyone has worked such an agreement with their employer. I'd like to get other's feedback before I approach him. I've also emailed revenue for their input but have not yet heard back.
Thanks,
DJ