With the year-end approaching we have compiled a checklist to ensure that you are availing of certain tax opportunities before the end of the year:
Review your accounts figures before your year end to plan any closing transactions to avail of tax opportunities, e.g.
Tax Free benefits in kind
Certain benefits can be provided to employees free of tax, for example:
Other ideas to consider
Deadlines to remember
For gains arising between 1/1/15 to 30/11/15 the capital gains tax is due to be paid by 15/12/15
For gains arising between 1/12/15 to 31/12/15 the capital gains tax is due to be paid by 31/1/16
Other matters to consider
If you are in receipt of rental income make sure to pay the PRTB registration fee every time there is a change of tenant AND every four years if no change of tenant – if you do not Revenue can withdraw tax relief on interest payments.
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