Here's a relatively unknown tax relief that has had a very low uptake in Ireland. If you have been unemployed for 12 months and are thinking of setting up your own business, then this relief is worth your attention.
Tax Tips and Useful Information
Welcome to our blog! You’ll find tax refund tips, news, and tax back advice from the experts that do it everyday. At TaxHug, we want to make sure you get every euro you’re entitled to, in the easiest way possible.
With the jobs market supposedly on the up, a couple of queries have trickled into the office from both PAYE employees and the self-employed who both ask about what happens if and when you change jobs. Are there any tax reliefs?
Given that you should have your 2015 P60 at this stage, most landlords are now preparing their 2015 tax returns. If you are a landlord and have a mortgage, you will be well aware that only 75% of your loan interest is allowed on residential property. If you own commercial property, then 100% of the loan interest is allowed.
In the last few weeks, we have got a number of queries about specifically employing a carer in the home to look after a sick relative. You can claim tax relief on the cost of employing a carer either if you employ one for yourself, or for another family member. If you pay an agency to provide the carer, the agency will employ the carer and be responsible for their tax and social insurance etc and you can still claim tax relief on the cost of paying the agency to provide a carer.
Some 20,000 households in Ireland are estimated to use au pairs as families try to find ways around the costs of formal childcare. The remuneration of au pairs has hit the headlines this week so given this, let’s take a look at the area of taxation of childcare and what issues we want both childminders and parents to be aware of.