Deed of Covenant – Tax Relief A Deed of Covenant is a legally binding written agreement to pay an agreed amount to another person. You must not receive any benefit in return for paying this amount. Covenants to certain individuals qualify for tax relief. You can claim relief on covenants to: One or more adults…
Tax relief for new start up companies
Tax Relief for new start up companies If you have started a new company, you may be able to apply for tax relief for start-up companies. This tax relief is a reduction of your Corporation Tax (CT) for the first three years you trade. The relief can be applied to the profits from your new trade and…
Woodlands
Woodlands You do not have to pay Income Tax (IT) or Corporation Tax (CT) on any profits or gains from the commercial use of woodlands in Ireland. You will still have to pay Pay Related Social Insurance (PRSI) and Universal Social Charge (USC) on your income if you are an individual. You must include any profits, gains or losses that you have made…
