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UNMARRIED COUPLES. YOU COULD HAVE A LARGE TAX BILL IF YOUR PARTNER DIES.
FAIR OR UNFAIR DEAL SCHEME-WHEN IT MAY NOT MAKE FINANCIAL SENSE TO APPLY
Are you considering availing of The Fair Deal Scheme but worried about the tax and financial consequences on your savings and family home? Consider planning early.
Did you acquire a residential investment property that was vacant for a period of at least 12 months before it was first let? You may be able to claim a tax deduction for pre-letting expenses against rental income in the first year.
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.
A Will is one of the most important documents a person will execute during their lifetime in relation to their assets yet nearly two thirds of Irish people do not have a Will in place.