Daily Archives: January 3, 2013

Local property tax

Budget 2013 announced that an annual Local Property Tax will come into effect from 1 July 2013.  The LPT is a tax based on the market value of residential property. It will be administered by Revenue and a half year charge will apply for 2013.  From 2014 onwards a full year charge will apply. Who is liable? Owners of residential property, including rental properties will be liable for the LPT. […]

Marital breakdown

Tax Consequences of marital breakdown The breakdown of a marriage is a stressful time but it is important to consider the resulting tax implications. Income Tax Once you have separated each of you reverts, for tax purposes, to single assessment. Each party can claim a one parent family tax credit and the single parent rate band as long as you have not remarried or are not cohabiting. If you are […]