Highlander
Registered User
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Are you sure that those figures are correct? Eur530 p.w. is equivalent to approximately Eur35,000 p.a. according to [broken link removed]. Are you sure that you're making up the difference between this and your base salary in shift bonuses and overtime?Highlander said:2) I have just been made permanant in my job (I work as a engineer with an American Multinational) where I'm earning E24,000pa + 20% Shift Allowance + overtime. Average after tax earnings are approx 530 - 550 per week at the moment.
Why are you not sure in whose name the site is held? Why will planning permission be difficult to obtain?Highlander said:4) I have a site, which is in my mothers name (I think), but it may be difficult to get planning permission on at the moment.
Highlander said:I'm not sure who's name the site is in, in that its in either my mothers or my grandmothers name. It just hasn't been signed over to me yet, so I understand that I will have to pay CGT on this when it is transferred into my name.
6. Transfer of a site fromparent to child
Section 603A Taxes Consolidation Act 1997 provides that Capital Gains Tax will no longer apply on the transfer of a site from a parent to a child where the transfer takes place after 6 December 2000 and is to enable the child to construct a principal private residence on the site. The site must not be valued at more than =254,000 to qualify for the relief. However, if the child subsequently disposes of the site without having occupied a principal private residence on the site for at least three years, then the capital gain which would have accrued to the parent on the initial transfer will accrue to the child. However, the gain will not accrue to the child where he or she transfers an interest in the site to his or her spouse.
Kept an almost full time job through collage, convinced myself to live at home (was a bit of a pain at the time but I'm glad now I did), and had some luck with certain shares which have drasticly dropped in value over the last couple of weeks!22 with presumably qualifications f your an engineer,
€23k in savings
€8 in savings,
€8 in bonds !!!
The bankswill love you mate, play hard with them.
Ps. - How did u amass such a strong financial position at 22???
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