Sep 16, 13 • blog_posts • Comments Off on Directors duties and obligations under Irish Law
So you’ve been approached about becoming a Director of an Irish based private limited Company. Here’s a quick guide to your duties and obligations as a Director under Irish law.It is clear that directors control a company in the interests of it’s owners. The owners are known as members. However, directors also have responsibilities under...
Sep 13, 13 • blog_posts • Comments Off on Visa requirements for Non-EU nationals under Schengen
Although Ireland is an active member of the EU it still isn’t a member of Schengen. Therefore for example business persons visiting Ireland from non-EU countries have more layers of bureaucracy to deal with than 22 of their EU counterparts. What is Schengen? Schengen is an Agreement between 25 Member Countries, 22 of which are [&hellip...
Sep 5, 13 • blog_posts • Comments Off on Interested in claiming an exemption from Local Property Tax up to 2016?
Did you buy a residential property in 2013? You may be exempt from Local Property Tax up to 2016. The exemption originally only applied to first time buyers but due to an error in drafting of the legislation anybody who purchases a property in the period 01 January 2013 to 31 December 2013 can claim [&hellip...
Aug 30, 13 • blog_posts • Comments Off on In danger of losing your home? Have you considered the Mortgage-to-Rent Scheme (“MRS”)?
The MRS is a government initiative to help homeowners who are at risk of losing their homes. Under the MRS you voluntarily surrender ownership of your home and become a tenant of a housing association instead. How does the MRS work? In effect you surrender possession of your home to your lender who immediately sells [&hellip...
Aug 12, 13 • blog_posts • Comments Off on Considering buying a second property? Then you’ve only 4 months left to avail of 7 years relief from CGT
Section 604A of the Taxes Consolidation Act 1997 (as per section 64 of the Finance Act 2012) gives relief from capital gains tax for property purchased between 7 December 2011 and 31 December 2013 where that property is held for more than 7 years. Where the property is held for more than 7 years, the [&hellip...
Jul 23, 13 • blog_posts • Comments Off on Inheritance tax – why inheriting in 2013 is not as attractive as 4 years ago.
Let me put it to you like this – do you think you would pay more inheritance tax had your parent died (a) in 2009 and you alone inherited the family home worth €542,000 or (b) in 2013 and you alone inherited the family home worth €230,000? The answer is b! CAT and how it is applied [&hellip...
Jul 3, 13 • blog_posts • Comments Off on Have a property for sale? Consider the following 7 steps before consulting your Solicitor
Property for Sale Whether you have a house for sale or apartment for sale in any part of Ireland or other property for sale it would be prudent to consider the following 7 steps before consulting your Solicitor:- House for Sale or Apartment for Sale 1. Find out the location of the Title Deeds. Your Solicitor [&hellip...
Jul 1, 13 • blog_posts • Comments Off on Travelling abroad this Summer? New lower price caps for mobile roaming from today: data 36% cheaper
From today, the EU’s Roaming Regulation will lower the price caps for data downloads by over 35% making it much cheaper to surf the web while travelling across the EU. Data roaming will now be up to 91% cheaper in 2013 compared to 2007. Data Roaming Growth During the last 6 years the volume of [&hellip...
Jun 26, 13 • blog_posts • Comments Off on 7 good reasons why Consumers should be aware of SEPA
The Single European Payments Area (or SEPA) is an EU initiative that will change the way euro denominated electronic payments are processed across Europe. It comes into full effect on the 1st of February 2014. It will mean that users of payment services can make and receive payments across 32 countries using common standards creating [&hellip...
Jun 24, 13 • blog_posts • Comments Off on Wills and when a will can be challenged
In this my final article in my series on Wills, I am looking at the main grounds for challenging a will. They are as follows:- 1. Succession Act requirements: The Act sets out a number of formalities for the making and signing of a will. For example the will has to be signed by the person [&hellip...
