Travel Expenses provided by Employer The provision of monthly or annual bus or train passes by an employer to an employee is not deemed to be taxable This exemption applies to State companies like Bus Eireann or Irish Rail but also to private bus and coach operators. The employer much incur the expenses of the bus, train…
Tax Free renting of farm land An person may be entitled to an exemption from income tax of rent income arising from leasing of farm land. Leases between close relatives do not qualify. Qualifying lease is a lease of farm land which is in writing or evidenced in writing, is for a definite term of 5 years or more,…
What is a dormant bank account ? A dormant bank account is a bank account which there has been no transaction for 15 years or more. If this happens, the bank where your account is held will try to contact you to find out what you want to do with the account. Any money not claimed will be transferred…
