Search Results for 'Inheritance'
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When it comes to important decisions, eight in 10 of us trust out gut, but very few care to look after it.
Do you know what the best bed size is for you?
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.
Now may be a good time to transfer assets and/or family owned businesses to the next generation and avail of the potential tax benefits arising from reduced property values and current tax reliefs.
My husband passed away recently. I understand that he made a will prior to his death and left his large farm to his nephew. I am very disappointed as I just received a small bequest from him. Is there anything I can do?
Creating a will is usually a straightforward matter and leaves you with the peace of mind and knowledge that your loved ones are looked after and your assets are divided in accordance with your wishes, after your death.
It is said “every cloud has a silver lining” and this is true in today’s economy. While the news is full of doom and gloom, we should look on the bright side and consider what opportunities we can grasp.
Now is a good time to transfer assets and/or family owned businesses to the next generation and avail of the potential tax benefits arising from reduced property values.
Revenue has announced a voluntary disclosure deadline, this time in respect of undisclosed income and undeclared liabilities relating to both Irish and foreign settlements.
As you may be aware, the deadline to give notice to Revenue of your intention to make a voluntary disclosure in respect of undisclosed income and undeclared liabilities relating to both Irish and offshore settlements is 1 September 2009.