Most people who have ever received a gift, inheritance or dealt with a Discretionary Trust will be aware of Capital Acquisitions Tax (hereinafter called CAT). The focus of this article is to illustrate the benefit of disclaimers in relation to CAT. CAT is set at a rate of 33% for gifts or inheritances and depending …
In 2019, a number of Local Authorities issued Demand Letters for payment of the Vacant Sites Levy. The levy is charged at 3% of the market value for 2018 ( being the first year of the charge) and increases to 7% of the market value from and including 2019. The levy is payable annually in …
What is an Enduring Power of Attorney (EPA)? It is a document that allows you to appoint someone (an Attorney) of your choice to control your affairs should you become mentally incapacitated, for example through brain damage, Alzheimer’s disease, or other forms of dementia. Why should I have one? It ensures you are prepared should …
**This article has been updated in January 2020 as parts pertaining to the Family Act 2019 has been signed into effect ** Certain parts of the Family Law Act 2019 have recently been signed into effect by Justice Minister Charlie Flanagan. Parts I & II of the Act came into effect on the 1st of …
Are you thinking about buying a property with your partner? Cohabiting is the next step in a long term relationship. We all know buying a property can both be a happy and stressful time for you and your partner. There are a few practical steps that you should take to ensure the move in together …
Budget 2020 for the upcoming year was released at the start of the week. The main focus on the budget is preparing for a no-deal Brexit with a package worth 1.2 billion euro. We saw the usual increases in areas such as cigarette prices and cuts to prescription charges. Below is our list of the …
We made this!