Selling your business or farm – Tax Relief If you are 55 or older, you may be able to claim Capital gains tax relief when selling or transferring any part of your business or farming assets. Although this is referred to as Retirement Relief, you do not need to retire from the business or farming…
Gift or inheritance tax free thresholds The thresholds are broken down into 3 groups as follows: Group A: A son or daughter of the person giving the gift or inheritance = €310,000 Group B: A parent, brother, sister, niece, nephew, grandparent, grandchild, lineal ancestor or a lineal descendant of the giving the gift or inheritance = €32,500…
Living City initiative – tax relief The Living City Initiative (LCI) is a tax incentive scheme for Special Regeneration Areas (SRA) in Cork, Dublin, Galway, Kilkenny, Limerick and Waterford. You can claim tax relief for money you spend on refurbishing or converting residential or commercial properties. There are three types of relief available under the…
