Search Results for 'Estate tax in the United States'

10 results found.

Advice on tax treatment of civil partners from Coll & Co

UNMARRIED COUPLES. YOU COULD HAVE A LARGE TAX BILL IF YOUR PARTNER DIES.

Is your savings plan generating little or no return?

Is your savings plan generating little or no return? Consider converting it to a life assurance savings plan and have the option of saving 33% in gift tax in the future.

Don’t leave your chidlren with a large tax bill

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Considering retiring and passing on the family business or other assets to your children? Don’t leave them all with a large tax bill to pay.

Gift and inheritance tax update

It was encouraging to hear the Minister for Finance announce in his recent Budget speech an increase in the tax free threshold on gifts or inheritances from parents to children. The threshold now stands at €280,000 (increase of €55,000) with effect from 14 October 2015.

A look at gifts and inheritance tax

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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.

Time to act on succession plans

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.

IFAC meeting

On March 28 several staff members of IFAC accountants Kilkenny, along with Ben Fogarthy, met with several members of Kilkenny County Macra clubs from Freshford, Mullinavat, and Kilkenny.

As tax filing deadline approaches talk to Paschal Bergin

That time of the year has come around again for getting your tax affairs in order. There are various taxes that need to be filed and paid in the coming weeks. They include the following:

Opportunities amid the gloom

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.

Gifting assets in the current market climate

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.

 

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