Search Results for 'Taxation in Australia'

Galway city councillors have voted to retain the local property tax at its current rate for the coming year.

I had planned to buy some agricultural land in 2006 but I did not proceed as the price of land at the time was excessive. I believe that prices are now at a reasonable level and I would now like to buy some agricultural land. I would like some advice on the likely taxes I may have to pay. I bought 10 acres of land several years ago and I paid very high stamp duty at a rate of 9 per cent, has this changed? Are there any other taxes I should be aware of, eg Capital Gains Tax?

CPOs - How much will the taxman take?

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. I am purchasing land in Mayo from a non resident. He has told me that I don’t have to withhold tax from the payment. I think that he is wrong. What is the correct position?

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.