Your Tax Return Expert
What can you not claim VAT back on ? You can not claim VAT on the following costs even if you are registered for VAT and make only taxable supplies: food, drink or other personal services for yourself, your agents or employees. The exception being to the extent that they are part of a taxable
Exemption for inheritance of home property ? An exemption from CAT for inheritances of dwelling houses in certain circumstances. In order for this exemption to apply, all of the following conditions must be satisfied: 1 the dwelling house must be the principal private residence of the disponer at the date of his or her death,
Loan to owner/director of company – tax implications ? This best answered by giving a simple example as below A company makes a loan of €1,000 to an individual who is a participator in the company. The company is treated as paying an annual payment of €1,250 to the individual and is obliged to pay