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I have had a few queries recently on whether self employed people can get ‘cycle to work’ tax relief on the purchase of a bicycle. The relief that exists at the moment is aimed at getting PAYE workers to purchase bikes and they can save up to half the cost of a new bike if…
General Information Introduction You may claim tax relief in respect of the cost of certain medical expenses paid by you. You cannot claim tax relief for any expenditure which: has been, or will be, reimbursed by another body such as the VHI, Quinn Healthcare, Hibernian Aviva Health, the Health Service Executive or other body or…
Revenue Commissioners have been sending out Payslips to all self assessed tax payers who have not as yet filed their preliminary tax return for 2009. You should complete this form (IT PRELIM RMD) by signing it and inserting the amount of tax your expect to be liable for for that year. This amount was actually…
Who can Claim? An individual paying for private rented accommodation e.g. bedsitters, flats, apartments, houses, etc. Exclusions Rent paid to Local Authority tenancies, Army, etc. Back to Top Relief Due Over 55 – Single, Widowed, Married – See charts. Under 55 – Single, Widowed, Married – See charts. Back to Top Documentation Required Form Rent…
1. Employ a family member – make use of all family members tax credits who are not working and therefore reduce your liability by up to €4,000. 2. Form a partership with your spouse if they have no income, to stop your profits being taxed at the higher rate and save up to €6,000. 3….
If you are self employed and have your own company, here are the rates you should be using to claim for things like travel, meals, and overnights. It is far better from a tax point of view to use these rates, than actual receipts a sole trader would o use in his calculation of business…
If like me you have taken out a top up on your mortgage and may have 2 mortgage accounts watch out for your lender not giving you mortgage relief on the top up repayments. What appears to be happening is your relief is being based on when the mortgage originally started -you have 7 years…
The carers tax credit is available to married couples paying tax and can be worth up to €900 pa. To get it you have to be jointly assessed, the income of one spouse must be €5k pa (to get the €900) and up to €7k where the credit goes on a sliding scale. For more…
Is tax relief allowed on the cost of travel relating to health issues? Tax relief may be claimed in respect of the cost of transport by ambulance. However, where regular continuing treatment or consultation is required and the patient has to travel long distances, tax relief may be claimed in respect of the cost of…
Find out if you think you are due back tax when you worked as PAYE Drop me a line at jason@mcdowellaccountants.ie today
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