Income covenant You may claim tax relief for money that you have covenanted ( or promised ) for the benefit of an individual who is (a) aged 65 or over (b) mentally or physically incapacitated The covenant must be payable for 6 years or more. It is subject to additional conditions Any queries on same give me…
Exemption for child minding services The income earned cannot exceed €15,000 per annum. This is aimed at people who mind children in their own homes. This means a stay at home spouse could earn up to €15,000 per annum tax free and the working spouse could still claim the Home Carer Tax Credit of €1,000 A brief…
Can I claim tax relief on my mortgage? Loans taken out after 31 December 2012 do not qualify for mortgage interest relief. Exceptions: Mortgage interest relief is available for the tax years 2013 to 2017, in respect of; interest paid on a loan taken out in 2013 to construct a home on a site, but…
