Dwelling house exemption Where a person has been living in a house for three years prior to being gifted or inheritance of that house and stays there for a further six years, an exemption from Gift Tax or Inheritance Tax may apply. The person cannot have an interest in any other residential house. In the case of a gift, this exemption will…
Home renovation incentive scheme – tax relief Home Renovation Incentive applies to repair, renovation or improvement work carried out on your own home or rental property on/or after 15 October 2014 and up to 31 December 2016 by a qualifying contractor or a number of contractors, and on which VAT at 13.5% is charged. Expenditure to which the…
Start your own business tax relief: Start Your Own Business is an income tax exemption that provides a relief from tax up to a maximum of €40,000 per annum for a period of two years. This special relief is only available to individuals who start up a new business during the period from 25’th October 2013 to 31st…
