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.
Category: Law
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
The Kitty Holland and Enoch Burke defamation cases-what I find most interesting
There are two interesting defamation cases going on at the moment. One involves Kitty Holland, the Irish Times journalist, suing John Waters for comments he made about her coverage of the Savita Halappanavar case where Savita lost her life in University Hospital Galway. The other case is Enoch Burke’s case against the Sunday Independent over… Continue reading The Kitty Holland and Enoch Burke defamation cases-what I find most interesting
WRC mediations
I am attending a WRC mediation meeting today at Lansdowne House, Ballsbridge, Dublin 4. My experience of mediations in the past is that only a small number are successful. So much so that you would question the value of such attempts to settle given that I will be gone from the office for most of… Continue reading WRC mediations
Transactional versus relational videos and brand building
I have published a video this morning entitled “Structural surveys, Trump’s porn, misinformation, a day in the life | Terry Gorry Solicitor Law Vlog”. It is a “day in the life” type video showing what a typical day in the life is for me in my solicitor’s practice in Enfield. Many people like these type… Continue reading Transactional versus relational videos and brand building
Enoch Burke’s defamation action
I read yesterday in the Irish Times that Enoch Burke’s defamation action against Mediahuis Ireland is to be heard next week in the High Court. The defamation proceedings are over an article published in the Sunday Independent in 2022, when Burke was imprisoned in Mountjoy for the first time. I wonder if Burke is successful… Continue reading Enoch Burke’s defamation action
I want my property back
I have a RTB (Residential Tenancies Board) hearing this morning with one of my own tenants. I had a previous hearing with this tenant and he went in and told the adjudicator that I was the best landlord he ever had and he would bring the rent up to date. I was persuaded to accept… Continue reading I want my property back
The Trump criminal trial in New York-2 things I will be watching for
The Trump criminal trial in New York commences this morning with opening statements in the case. It will be fascinating and is expected to last for 6 to 8 weeks. Two things I will be looking for over the course of the trial are Trump’s hubris and narcissism will be big factors in determining the… Continue reading The Trump criminal trial in New York-2 things I will be watching for