Search Results for 'CAT'

Following Ireland’s exit from the EU/IMF recovery programme and in the context of projected GDP growth of 4.7 per cent for 2014 and 3.9 per cent for 2015, Ministers Noonan and Howlin announced their budgetary measures for 2015 which have been set out below. More detail will be included in the Finance Bill to be published later this month.

CAT LOVERS can get some serious ‘catisfaction’ with feline fun, frolics, funny faces, and daft antics, about to take place in the Galway Arts Centre.

Most Irish businesses are family owned and tend to remain in family ownership. Family businesses make up more than 60 per cent of all European companies, and they account for about 40-50 per cent of employment, encompassing a vast range of firms of different sizes and from different sectors.

One of the most anticipated Budgets of recent times was presented by Minister Noonan this week. Although, many of the measures announced had been expected, there were a few surprises.

The issue of inheritance and gift tax (CAT) is becoming more important to many people because of the reduction in the amount an individual can receive tax free. When an individual decides to transfer his/her assets to another person, either by gift or on their death, assets over a certain value will attract CAT. The current rate of tax is 25 per cent, there is speculation that it will increase in the upcoming budget. It is important that individuals plan the transfer of assets in a tax efficient manner, as many people may be forced to sell assets they have been gifted or left on an individual's death in an attempt to pay the CAT liability.

Presentation Secondary School has signed up a team to participate in the F1 in Schools Technology Challenge, powered in Ireland by the Irish Computer Society.

Q I own a company which owns a rented retail unit worth approx €500,000. I want to give this property to my son but I don’t want him to have to pay cash into the company for it. What are the tax implications of this?

Q I own a company which owns a rented retail unit worth approx €500,000. I want to give this property to my son but I don’t want him to have to pay cash into the company for it. What are the tax implications of this?

Q. My wife and I have AIB and Bank of Ireland shares that we bought about six months ago in the expectation that the stock has reached its floor. We were obviously very wrong. I have now huge paper losses on these stocks. Should I sell them and realize a loss which presumably I can offset against my tax? Can I use the paper loss in any way if the selling the shares now makes no sense?

Kilkenny’s outspoken Junior Minister John Mc Guinness found himself in hot water this week as workers’ unions from around the country exploded about comments he made about public service workers at the weekend.