The most useful exemptions and reliefs in relation to the acquisition of capital-through a gift or a benefit in a will-include Learn more about capital acquisitions tax here.
Being recognised out and about from my YouTube channel
I was in Galway last weekend for a couple of nights over the bank holiday weekend. And, as usual, I was recognised by a couple of guys who welcomed me to Galway and told me they enjoyed my YouTube channel and that they were subscribers. The two meetings were on different days and with unrelated… Continue reading Being recognised out and about from my YouTube channel
Capital acquisitions tax and the valuable business relief
I wrote yesterday about agricultural relief and the utility of this relief to allow a parent pass significant wealth to a child with stunning tax efficiency. Another valuable relief is business relief. Business relief can provide a 90% reduction in the value of the business being transferred to beneficiaries. Some types of business are excluded-for… Continue reading Capital acquisitions tax and the valuable business relief
How to give wealth to your children in the most tax efficient way
If you want to give your child €1,000,000 and you give him/her cash he/she will pay tax on the gift or benefit in a will at a rate of 33%. Your child will have a tax free threshold of €335,000, therefore will be taxed on the excess of €665,000. The same capital acquisitions tax/gift tax… Continue reading How to give wealth to your children in the most tax efficient way
This TikTok video (“when there’s no will”) has generated a stunning response
I published a short video yesterday on TikTok entitled “When there is no will” and the reaction to it has been stunning. The video, 24 hours later, has had 164,000 views, 2,034 likes, 88 comments. The Irish fascination with land, it seems, is matched with a fascination for disputes and rows over wills, the passing… Continue reading This TikTok video (“when there’s no will”) has generated a stunning response
Heading for 30,000 YouTube subscribers
My YouTube channel is heading for 30,000 subscribers, which is a nice landmark type of target. A nice round number. At the moment I have over 29,000 subscribers so it should not take much longer, touch wood, to reach 30,000. I know the type of video that will propel my channel more quickly to this… Continue reading Heading for 30,000 YouTube subscribers
3 things that will determine your success
I have been self employed in different industries for 38 years or so. Industries like retail, property development, investment, law. And one thing I’ve learned is there are 3 universal features or requirements common to all. Attitude, combined with communication and negotiation skills, can be applied in virtually all industries or situations, and ensure great… Continue reading 3 things that will determine your success
Galway-the graveyard of ambition?
I have always joked with my youngest daughter, who lives and works in Galway, that it is the graveyard of ambition. After spending a Saturday afternoon and evening in and around Eyre Square on a bank holiday weekend I can understand the charge, even if it’s not entirely true. I was in The Quays pub… Continue reading Galway-the graveyard of ambition?
What really pleases me about the growth of my podcast
The most satisfying thing about the growth of my podcast, the Irish Law and Small Business Podcast, is it is created entirely from repurposed content. In other words, videos I have already made for other purposes, such as my YouTube channel and other social media sites. I have no unique content on the Irish Law… Continue reading What really pleases me about the growth of my podcast
Buying new camera gear
I’m looking forward to delivery of the new DJI Osmo Pocket 3 camera which I ordered yesterday online. Like anybody with an interest or passion in a hobby or activity I fall into the trap of regularly buying new gear. Because I might be able to do it (video making) a little better, a bit… Continue reading Buying new camera gear