by Ger | May 16, 2023 | Business
Although this is referred to as Retirement Relief, you do not need to retire from the business or farming. Note! If you are 55 or older, you might be able to claim Retirement Relief. This is a relief on Capital Gains Tax (CGT) when disposing of any part of your...
by Ger | Apr 28, 2023 | Business
What Is a Principal Private Residence (PPR)? A Principal Private Residence (PPR) is a house or apartment which you own and occupy as your only, or main, residence. Consequently, you are exempt from Capital Gains Tax (CGT) if you lived there for the entire ownership...
by Ger | Apr 27, 2023 | Business
What is a sole trader? A sole trader is an independent business owner who manages and runs their own business under their own tax number. Since you as a person and the business are one and the same, any losses the business experiences are your personal responsibility...
by Ger | Apr 25, 2023 | Business
The Finance Act 2008 introduced rules relating to the VAT treatment of property transactions which commenced on 1 July 2008. These rules completely replaced the pre 1 July 2008 VAT on property system and aimed to exempt most property transactions from VAT but with an...
