Tax Tips
There are simple ways of saving tax – Save yourself potentially thousands of €€€€
Individual
- Receive tax exempt income
- Maximise on tax free termination payment should your employment cease
- Claim subsistence at civil service rates – tax exempt
- Claim travel expenses at civil service rates – tax exempt
- Become a dual income couple
- Maximise loss claims against all other income
- Covenants – tax efficient use
- Claim relief for donations to charity
- Retirement Relief – extract cash and other assets tax free
- Pass on the family business to avail of appropriate reliefs
Companies
- Tax exempt profits for start up companies up to €40K tax exemption
- Set up a new business and claim seed capital relief
- 37.5% tax deduction and cash refunds for Research & Development