Author: Terry Gorry

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

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

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