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Author: Oliver Niland

What is preliminary tax ?

What is preliminary tax ?

Preliminary Tax Preliminary Tax is your estimate of tax and related charges payable by you for a tax year and must be paid by 31 October in the year in question. For example, when completing your 2018 income tax by 31st October 2019, you will need to calculate your preliminary tax for 2019 as follow:…

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Tax on lump sum payments

Tax on lump sum payments

Tax on Lump sum payments You may receive a lump sum payment from your employer if you retire or have left work. You will only be liable to pay tax on the amount of your payment that is more than either: basic exemption increased exemption (if due) Standard Capital Superannuation Benefit (SCSB). Basic exemption The basic exemption is…

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Tax relief for physio or similar medical expenses

Tax relief for physio or similar medical expenses

Physiotherapy or Similar Treatment – tax relief under medical expenses ? Examples of allowable treatments under the heading of physiotherapy include treatment by a: 1) Physiotherapist, 2) Chiropractor, 3) Osteopath, or 4) Bonesetter. In order for relief to be available, the treatment must be availed of on prescription by a practitioner. Relief is not allowable…

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