TAXATION ADVISORY
- Common Tax Questions
- Full Contents
Income Tax Queries
Why is the profit on my Tax Assessment different to the profit on my accounts?
What allowances can I claim on Pollution Control Expenditure?
What allowances are available on the purchase of motor vehicles?
If I lease out land what allowances can I claim?
Are there any tax-free sources of income?
Capital Acquisitions Tax
How much can I receive tax-free?
How can I reduce my tax liability?
General Queries
How are Single Farm payments taxed?
What is the position if I change to a Limited Company?
Stamp Duty
Are there any exemptions from Stamp Duty?
Is residential property at a different rate?
Capital Gains tax
AM I OBLIGED TO MAKE AN INCOME TAX RETURN?
TAX EFFICIENT FARM ENTERPRISES
TAX EFFICIENT NON-FARM ENTERPRISES
PERSONAL ALLOWANCES - TAX DEDUCTIBLE AT 41%
INVESTING IN TAX DESIGNATED PROPERTY
PERSONAL TAX CREDITS & RELIEFS - TAX DEDUCTIBLE AT 20%
CALCULATING YOUR INCOME TAX LIABILITY
CAPITAL ACQUISTIONS TAX RELIEFS & EXEMPTIONS
CAPITAL GAINS TAX RELIEF & EXEMPTIONS
CALCULATION OF CAPITAL GAINS TAX LIABILITY
DEALING IN AND DEVELOPING LAND - 80% WINDFALL TAX
In reading this taxation section interpret the word "he" as meaning he or she and the law stated as at 1st November 2008 incorporating the 2009 budget proposals.
Disclaimer: The taxation content prepared by IFAC Accountants in this publication is intended as an aid to farmers and has been written in general terms and is intended as a guide only and is not intended to be a comprehensive statement of relevant law or regulation with its application to specific situations depending on the particular circumstances involved.
It should not be used as a basis of any conclusion drawn or argument made and the original legislation should be consulted at all times. Accordingly, the reader should seek proper professional advice if acting on any of the issues outlined in this publication and this publication should not be relied upon as a substitute for such advice. While every effort has been made to ensure accuracy, the author or publisher will not accept any liability for loss, distress or damage resulting from any errors or omissions.