Started 3 days, 11 hours ago (2009-12-02 09:08:00)
by Bronte
Actually there may be no tax due. If
the first family was registered with the PRTB and the second family is still there she can register the second family immediately so that all is not lost in relation to the mortgage interest.
She should do up a profit and loss account. Have a look at the key posts on what is allowed to be deducted from rental income. If you like do a summary on here of ...
Started 1 week, 1 day ago (2009-11-27 14:21:00)
by DB74
Yes for
PAYE purposes
Don't know for PRSI - sorry
Started 5 days, 3 hours ago (2009-11-30 17:17:00)
by censuspro
Yes.
If they are two seperate transactions
CGT will apply on the subsequent sale of the house. Unless the house is your principal private residence then it is exempt from CGT.
Started 1 week, 1 day ago (2009-11-26 23:23:00)
by Brendan
Who dealt with the Revenue Audit on your behalf?
How do you know that what they have said is correct? It probably is,but are you using another professional advisor?
Have you spoken to the original advisor who gave you incorrect advice?
I would think that if they were
negligent, that they would be liable for the interest and penalties.
If they had done their job correctly in the ...
Started 1 week, 1 day ago (2009-11-27 20:33:00)
by Breninio
If the individual is resident & non domciled the
remittance basis applies. Alternatively if he is resident but non-ordinarily resident for a year the remittance basis will apply. I dont think either situation applies here so neither does the remittance basis.
Started 5 days ago (2009-11-30 21:01:00)
by Brendan
I have tried to simplify this complicated topic with the above list.
Please correct any of the above or add to the list if I have omitted some allowance.
I would welcome new key posts on any specific topic such as this one which Huskerdu did on
medical expenses.
If you have questions about how specific credits work, please do a search or start a new thread. Don't tag it on to this ...
Started 1 week, 1 day ago (2009-11-27 13:13:00)
by Domo
You calculate the Gain of €40,000.
This is my understanding of the calculation:
If you transfer €100,000 (all of the proceeds), you would be taxable on the full profit in the year that you make the transfer of the funds.
If you transfer €50,000 (half of the proceeds), you would be taxable on half of the profits (€20,000) in the year that you make the transfer of the funds.
Of ...
Started 6 days, 20 hours ago (2009-11-29 00:38:00)
by DBRAN
Hi
From what you are saying you would not have any preliminary tax to pay.
This appears to be an automatically generated
correspondence and I would return it as nil.
Kind Regareds
dbran
Started 3 days, 7 hours ago (2009-12-02 14:01:00)
by Towger
The frontline staff are "trained on the job" and only the front line staff will take calls from
the great unwashed.
Started 6 days, 8 hours ago (2009-11-29 12:30:00)
by mercman
Earnings in 2009 are due by October 2010.
Capital Gains Tax for this part of this year is due end Jan 2010.