Search results

  1. G

    Letting to relative at ‘uneconomic rent’

    If you charge uneconomic rent does the landlord have to pay income tax on the value of the "gift"?
  2. G

    Eddie Hobbs gives his side of the story in the Sunday Business Post

    The article gave no useful background info on Brendan investments. It was all generic bland stuff. However, I did like his comment about "Your capacity to really put your cock on the block when everyone is racing to the door". I wonder if Eddie knew what was coming down the tracks in terms of...
  3. G

    What would I do with Bitcoin in my will?

    You could be doing your beneficiaries a great dis-service given the great volatility of its value. At probate, the market value of your bitcoin could be €1 million, but by the time it sold its market value might be only €10,000, leaving your beneficiaries with a €330,000 CAT bill to pay, but no...
  4. G

    Drawing down inheritance to personal bank account ?

    The norm would be to transfer it into either your wife's account or your joint account. The inheritance will not affect your wife's maternity pay.
  5. G

    Honohan says 50% of repossession cases taken by AIB

    I have no problem with them issuing repossession proceedings in the Circuit Court, but it is a waste of money by the taxpayer to issue judgment proceedings in the High Court against people who are about to lose everything in any event.
  6. G

    Honohan says 50% of repossession cases taken by AIB

    I think what Honohan was really referring to was the tremendous waste of taxpayers money by AIB's policy of issuing Circuit Proceedings for house re-possession and also entering High Court proceedings in the High Court for judgment i.e. repossession proceedings are different from judgment...
  7. G

    Inheritance being asked to be paid back after 5 years

    We were all so angry about it that we insisted on getting a barrister's opinion on it. The barrister's opinion was that the guarantee was "good" i.e. AIB would win a case on it, and that AIB were within the statute of limitations for dealing with its claim on the deceased estate. It turned...
  8. G

    Inheritance being asked to be paid back after 5 years

    You are missing the point here. My siblings and I were very angry about the guarantee that my mother had given to AIB. We did find it difficult to have to hand the money back, but it was the correct moral thing to do, as it would have been immoral and unjust for my brother to be stuck with the...
  9. G

    Inheritance being asked to be paid back after 5 years

    There is obviously a moral issue around mistakes in wills. When my mother died my elder brother acted as executor and quickly sold our family home and distributed the proceeds among the 5 of us. Shortly after we received the money AIB made a claim on our mother's estate for €200,000 relating...
  10. G

    Key Post Investment in Irish Forestry Funds

    It is very disappointing that Mr. Brosnan in his posting above did not actually mention how much the forestry was sold for so that we could estimate what type of return we could expect.
  11. G

    Key Post Investment in Irish Forestry Funds

    My accountant tells me that plans 1 to 3 are not yet fully liquidated as the returns have not been filed. He tells me that if there is litigation after the funds are given to shareholders that the companies might go bust, and a new liquidator could reclaim the monies back from the shareholders...
  12. G

    Key Post Investment in Irish Forestry Funds

    My accountant looked at the funds I invested in and reviewed the accounts file at Cro. He also looked at the previous liquidations of the previous funds. He was unable to get any info on the previous liquidations as the liquidator has failed to file the necessary returns, which is very...
  13. G

    Key Post Investment in Irish Forestry Funds

    I asked my own accountant to look at their accounts and he has told me not to worry. The accounts are audited by Deloittes and the assets exist. It is only a question of timing. However, he did say it was difficult to identify what the final return was going to be. He expressed concern that...
Back
Top