Practical Income Tax - The Professional's Guide, Finance Act 2024
- Chapter 1 Basis of Assessment
- 1.1 Introduction
- 1.2 Chargeable Person
- 1.3 Joint/Separate/Single Basis of Assessment
- 1.4 Married/Civil Partner Tax Implications
- 1.5 Separation/Divorce/Annulment Tax Implications
- 1.6 The Taxation of Maintenance Payments
- 1.7 Year of Marriage
- 1.8 Completing a Return on Behalf of a Deceased Individual
- 1.9 Impact of Tax Residence
- 1.10 Cohabitants
- Chapter 2 The Charge to Income Tax
- 2.1 Residence
- 2.2 Deemed Residence
- 2.3 Ordinary Residence
- 2.4 Split Year Residence
- 2.5 Domicile
- 2.6 Territorial Scope of the Charge to Income Tax
- 2.7 The Remittance Basis of Taxation
- 2.8 Anti-avoidance Measures
- 2.9 Practical Considerations before Moving to Ireland
- 2.10 Double Taxation Treaties and the Tie-breaker Clause
- 2.11 Tax Credits for Non-residents
- 2.12 Non-resident Directors of Irish Incorporated Companies
- Chapter 3 Taxation of Income from Trade, Professions or Vocations
- 3.1 Introduction
- 3.2 What are a Trade and Profession?
- 3.3 Assessable Profits/Losses
- 3.4 Basis of Assessment
- 3.5 Trade Losses
- 3.6 Partnerships
- 3.7 Taxation of Farmers
- 3.8 Foreign Trades and Professions
- 3.9 Dealing in Land
- 3.10 Start Your Own Business Relief
- 3.11 Professional Services Withholding Tax
- 3.12 Extracts from Accounts
- Chapter 5 Taxation of Investment Income and Foreign Source Profits
- 5.1 What Rate of Tax Applies to Income and Gains?
- 5.2 Dividends - General
- 5.3 EU Deposit Interest and Other Interest
- 5.4 Bond and Gilt Investments
- 5.5 Taxation of Irish Real Estate Investment Trusts (REITs)
- 5.6 Foreign Rental Income
- 5.7 Scrip Dividends
- 5.8 Credit Union Dividends
- 5.9 The Remittance Basis of Taxation and Foreign Sources of Income
- 5.10 US LLCs
- 5.11 Funds and Offshore Funds
- 5.12 Personal Portfolio Investment Undertakings (PPIUs)
- 5.13 Taxation of Other Income: Schedule D Case IV
- Chapter 6 Taxation of Rental Income and Capital Allowances
- 6.1 Introduction
- 6.2 Taxation of Rental Income: Schedule D Case V
- 6.3 Gross Rents – What is Included as Rents?
- 6.4 Leases and Lease Premiums
- 6.5 Residential Premises Rental Income Relief (RPRIR)
- 6.6 Deductible Expenses
- 6.7 Case V Losses
- 6.8 Case V Capital Allowances
- 6.9 Priority of Offset of Allowances and Losses
- 6.10 Property Based Incentives
- 6.11 Section 23 Relief
- 6.12 Restriction of Use of Capital Allowances
- 6.13 High Earners Restriction/Guillotine Provisions
- 6.14 Withholding Tax on Rental Income (Foreign Landlords)
- 6.15 Receiver is Appointed in Respect of a Rental Property
- 6.16 Exemption/Relief for Rental Income
- 6.17 Review and Drafting of Leases
- 6.18 Local Property Tax (LPT)
- 6.19 Short Term Accommodation
- 6.20 Illustrative Example
- Chapter 7 Income from Employments, Offices (including Directorships), and Pensions
- 7.1 Taxation of Employment Income: Schedule E
- 7.2 Taxation of Benefits in Kind (BIK), Perquisites and Salary Sacrifice Arrangements
- 7.3 The Performance of Duties in Ireland and Outside of Ireland
- 7.4 Leaving Ireland to Work Aboard – Irish Employments
- 7.5 Coming to Ireland to Work/Foreign Employments
- 7.6 Employee Share Based Remuneration and Incentives
- 7.7 Relief for Key Employees Engaged in R&D
- 7.8 Payments on Leaving Employment
- 7.9 Pensions
- 7.10 Taxation of Social Welfare Payments
- Chapter 8 Exempt Income
- 8.1 Introduction
- 8.2 Diplomats and EC Officials
- 8.3 Artists’ Exemption
- 8.4 Childcare Services
- 8.5 Rent-a-Room Relief
- 8.6 Woodlands
- 8.7 Relief from Certain Income from Leasing of Farmland
- 8.8 Investment Income – Payments in Respect of Personal Injuries
- 8.9 Age Exemption and Marginal Relief
- 8.10 Deposit Interest and Marginal Relief
- 8.11 Foreign Pensions and Other Benefits
- 8.12 Miscellaneous Exemptions and Reliefs
- Chapter 10 Claim for Tax Credits, Allowances, Reliefs and Health Expenses
- 10.1 Introduction
- 10.2 Personal Tax Credit
- 10.3 Child and Dependent Related Credits and Educational Tax Credits
- 10.4 Health Related Credits and Reliefs
- 10.5 Employment Related Tax Credits and Reliefs
- 10.6 Property or Investment Related Tax Credits and Reliefs
- 10.7 Miscellaneous Tax Credits and Relief