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Hi Brendan, I'm not sure that's correct, I believe you have 12 months grace to sell the old house before it becomes liable to CGT when sold. I don't think renting it out or not makes a difference. Wrt the new house, I assume it is considered your ppr while you are renovating it?

I have partially filled out some lines, all figures made up but insert your own to see what it looks like. Minus figures are red so you can see if you put in an expense for a particular week which will cause a problem you'll have to rejig the numbers. I put in estimates for CC bills (everything...

Hi Sweet Pea, I think what you need to do is set up a cashflow spreadsheet in excel (I use LibreOffice - it's free). Mine has the week across the top, then first row is balance in account, second row is your pay, third row his pay, then total income, next you put the outgoings - rent/mortgage...

Employee tax credit is available where the taxpayer has DSP income. Widowed person tax credit is the personal tax credit for a widowed person, as opposed to single or married tax credit. Widowed parent tax credit is additional where there are dependent children...

I think earned income credit is also due as it can be applied to the pension earnings?

Not to disagree with your point @Purple, but the minimum wage is increasing to €12.70 per hour

You are writing 100% of the management fee off against income and then calculating the tax due on the net income.

I don't have myaccount but can you look under "Irish taxed income" and if it's not there try "Untaxed income arising in the State"? Edit: Just saw that @ClubMan has even put screenshots of where to find the correct place

Not really, dividends are subject to income tax and as such the withholding tax may be refunded or further tax may be due if liable at the higher rate.

Hi, Just signed up for this too. We're pretty heavy users - lots of teenagers - and the 10c per unit is a huge difference. Thanks to @fayf and others for the info.

Whether the property in Ireland was a PPR or not would affect CGT (which is extinguished on death anyway) but if he was resident in England it cannot have been his PPR anyway. It could affect CAT if the person inheriting it was living in it but that does not appear to be the case here.

I wouldn't have thought a financial advisor would usually get into how exactly to transfer funds from one institution to another. They generally stick to advising on which products to put your money in.

I have a tracker with Ulster Bank which has yet to transfer. I put the outstanding balance, term remaining and interest rate into a couple of online calculators and they come up with pretty close to my actual repayment so hopefully not affected. The problem really is that people believe that...

Sorry, I was rather unclear last night - the glitch was that the return would not accept the amendment (of PWST as I had entered the wrong figure) until I went through capital allowances and farm allowances(?) for each of our self employed income and entered 0 in each box. We had not claimed any...

Just remembered this one, got the surcharge refunded, it turned out ROS was glitching

The bank didn't give any money to the vendor, the bank gave the money to you/your agent and you gave it to the seller. It was for you/your agent to determine that the vendor has good title. It would appear that you have now perfected title and therefore have no problem, but you would prefer to...

Hi, I had to amend my 2021 IT return (which was initially submitted in spring 2022) and have been charged a surcharge for late filing. Is this normal or should I appeal? Mrs Vimes Edit: I have raised a myenquiry and will report back.

I can't find the Revenue guidance on it but here is charteredacccountants.ie stating that indexation cannot be used to create a loss or to increase a monetary loss so would not apply in this case.

The bolded part is incorrect - the period when you were not resident in the property is subject to CGT as a proportion of the total period of ownership, but the final 12 months is considered to be a period of occupation: Revenue: There are exceptions where the property is deemed to be...

Oh, 70 is no age at all :-!!