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
Category: Society
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?
Mount Street, Ireland, 2024
It’s only when you walk up Mount Street that it strikes you. The tents. Tents everywhere. On the footpath, in all the side streets, near the International Protection Office. I was walking out to the Workplace Relations Commission in Ballsbridge yesterday and walked past these tents. It is hard to believe this has been allowed… Continue reading Mount Street, Ireland, 2024
Fearing for Kildare footballers today
As a long suffering Kildare GAA fan reading Dean Rock’s preview analysis of the Kildare v Louth game in the Leinster Championship in Croke Park made difficult reading yesterday morning. It upset the smooth passage of the porridge down my throat, to be honest. Dean Rock fancies Louth to beat Kildare today. Why? Because of… Continue reading Fearing for Kildare footballers today
I’m proud of this call
My forte would not be human relations or the touchy-feely stuff. Any strengths I have probably lie elsewhere, I will admit that. I am capable of saying the wrong thing at the wrong time. Not out of malice or intention but out of clumsiness and a dearth of those skills that my wife possesses. So… Continue reading I’m proud of this call
High Court only for “paupers and multi-millionaires”
The President of the High Court, Mr Justice Peter Kelly, opined a few years ago that only “paupers and millionaires” could afford to litigate in the High Court. A recently retired Judge, Deirdre Murphy, says that that quote should now be amended to “paupers and multimillionaires”. At a recent talk she made some interesting observations… Continue reading High Court only for “paupers and multi-millionaires”
The mental health benefits of riding my Vespa
I went for a short trip on my Vespa around the backroads where I live yesterday evening. It was a beautiful dry, crisp April evening with the ‘stretch’ in the evening manifest. I find it a relaxing thing to do for several reasons. But the most important one is the fact that it is virtually… Continue reading The mental health benefits of riding my Vespa
Never forget the audience
I am listening to an excellent podcast at the moment called “Empire”. It is hosted by two historians who are genuine experts in their area of empire. The podcast deals with the British empire in India and all that flowed from that and has now progressed to the Ottoman Empire, one I am particularly interested… Continue reading Never forget the audience
A clean criminal record and no All Ireland medals or a medal and a conviction?
The household I was brought up in was one in which an All-Ireland medal winner was a man to be looked up to. Revered, even. When I was a young lad, and I know there are many GAA families and households around the country with the same view, the thought of winning an All-Ireland medal… Continue reading A clean criminal record and no All Ireland medals or a medal and a conviction?
Drawing dumb conclusions from the Kyle Hayes sentence
The sentencing in the Kyle Hayes assault case took place yesterday in Limerick Circuit Court. As you would expect the sentence handed down by the Judge has generated an enormous amount of comment online, on platforms like Twitter/X, YouTube, TikTok, and so forth. What amazes me is the ability of many of the commenters to… Continue reading Drawing dumb conclusions from the Kyle Hayes sentence