Tax Reliefs & Opportunities

What’s Left? Tax Reliefs and Opportunities

Start-Up CT Exemption
Extended to end of 2014
Exemption from Corporation Tax where the liability not greater than €40,000.
For first three years of trading
New Trade
Not available to certain companies

Personal Property Debt
Low property values – negative equity
Transfer property to trading company
Stamp Duty at 2% for commercial property
Trading company to finance capital repayments
Individual - €2m of income to pay €1m of capital
Trading Co - €1.15m of income to repay €1m
Capital Gains Tax Exemption

Sole Trader v Company

Tax Tips
Make sure you claim all your entitlements
Filing of returns on time and through ROS
Reduce frequency of PAYE & VAT returns
VAT on cash receipts basis
Bad debt relief
Reduced PRSI rates
Capital allowances
Go Green
Assets are held in tax efficient manner
Small Gift Exemption
Explore R & D tax credits

Find Out More
Visit us Online:
http://www.mcinerneysaunders.ie
Read More About Our Annual Networking Event & Budget 2012:
http://www.mcinerneysaunders.ie/blog/budget-2012-event/

Tax Reliefs & Opportunities

by McInerney Saunders on Dec 09, 2011

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