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The value of most assets has fallen dramatically in the last eighteen months – for most of us this is bad news, however, if you are considering transferring wealth to the next generation it is good news.
Passing assets on to the next generation either on death or by gift can trigger the following taxes: Capital [...]
CAPITAL ACQUISITIONS TAX
The rate of capital acquisitions tax is being increased from 22% to 25% in respect of gifts or inheritances taken from midnight on 7 April 2009.
The current tax free thresholds are being reduced by 20% as follows:
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Liam McNamara & Associates Limited t/a MCN Associates, t/a MCN Financial Services, t/a MCN Mortgages & t/a Personal Economy
is regulated by the Financial Regulator. (Statement of Authorised Status) Homepage | Our Services | About Us | Our People | Authorisation | Contact Us | Corporate Services | Wealth Legal Protection | Wealth Protection| Mortgage Intermediary | Commercial Finance | Investment Advice | Retirement Planning | Accountancy Services | Corporate Tax Consultants | Personal Tax Planning |
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Registered in the Republic of Ireland, No 444835 Registered Office: 51A & 51B Dawson Street, Dublin 2 | Tel: +353 1 230 9000 | Fax: +353 1 230 9001 |
