Increase in National Minimum Wage

Dec 15, 2020 | Accounting, Blog, MLMG News, Tax Planning

The National Minimum Wage rates in the Republic of Ireland are due to increase on 01.01.2021. The revised rates are as follows: Aged 20 or more €10.20 per hour Aged 19 €9.18 per hour Aged 18 €8.16 per hour Aged under 18 €7.14 per hour Please ensure your payroll is...

What is Capital Gains Tax?

Jun 21, 2017 | Blog, Personal Finance, Tax Planning

Tax on Capital Gains At its simplest, Capital Gains Tax in Ireland is a tax on gains that arises from the disposal of capital assets, for instance such as land, buildings and shares. A disposal means a transfer of ownership whether by means of a sale, gift, exchange...

Part 2: Gifts & Inheritances – a bigger tax headache?

Jan 22, 2013 | Blog, Tax Planning

Wills When drafting or reviewing your will, you should consider the potential exposure to Capital Acquisition Tax (CAT) for those receiving the assets. Otherwise the recipient could end up in the unfortunate position where they need to sell the asset in order to pay...