CAN I USE A LOSS ON MY TRADE AGAINST OTHER INCOME ? Yes, it’s called S.381 loss tax relief If you are self-employed or part of a partnership and you make a loss in a tax year, you can offset that loss against your other income such as P60 or rental income. This could generate…
Tax relief on donations to sports donation You may be able to claim tax relief on donations made to your sports body if it is: a revenue approved sports body and the body has an approved project with the Department of Transport, Tourism and Sport (DTTAS). For example a new soccer pitch or track. The…
Stay and Spend tax credit – Finishing 30th April You can claim the Stay and Spend credit for qualifying expenditure incurred between 1 October 2020 and 30 April 2021. This includes expenditure on either: holiday accommodation ’eat in’ food and drink. The minimum spend is €25 per transaction. You must submit a copy of your receipt with the…
