What are the benefits of the bike to work scheme for employees and directors? As the bicycle and safety equipment are exempt from tax the employee or director will not be liable to income tax at his or her highest rate of tax, employee’s PRSI or USC on the value of the bike. The tax saving for an employee is…
Home renovation incentive scheme You can get an income tax credit of 13.5% for qualifying home improvement expenditure ( i.e. same as the VAT charged on the job ) The credit is paid over 2 years following year in which work is carried out The minimum expenditure is €5,000 and maximum is €30,000. It doesn’t have…
Which dental treatment expenses qualify for tax relief? Relief is available only in respect of non-routine dental treatment such as: Crowns Veneers/Rembrandt Type Etched Fillings Tip Replacing Gold Posts/Fibreglass posts Gold Inlays Endodontics – Root Canal Treatment Periodontal Treatment Orthodontic Treatment such as braces Surgical Extraction of Impacted Wisdom Teeth Bridgework Routine dental treatment is not…
