Tax Reduction Opportunities!

Donalanseo

Registered User
Messages
6
We pay circa €50k in tax annually (Jointly assessed) - Both PAYE +rental property
PAYE - 36k
USC - 8k
PRSI - 7k
Are there any legal tax reduction schemes outside of the below obvious ones.

- Pension contributions
- Credits/ Health expenses

Any advice and guidance appreciated.
Thanks!
 
EIIS is probably the main one. You invest in companies. It’s high risk though. There are a couple of EIIS funds which help to reduce the risk somewhat but it can still be a case of “congratulations, we’ve reduced your tax bill by €40...and lost you €100!”
 
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