Gift and Inheritance Tax
There are various reliefs and exemptions available and our expert advice should be sought before receiving or inheriting any asset.
If you receive a gift or inheritance you could be liable to Capital Acquisitions Tax or sometimes referred to as “gift tax“. You are obliged to inform the Revenue Commissioners of your gift/inheritence and failure to do so could give rise to penalties. The tax-free thresholds (after indexation) are as follows: Group A €335,000 Group B €32,500 Group C €16,250
CAT Filing Dates
If the valuation date falls between:
- 1 January and 31 August, you must pay by 31 October of that year
- 1 September and 31 December, you must pay by 31 October of the following year
You can pay your CAT online, with a debit card, or by Electronic Funds Transfer.
Surcharge
There is a surcharge for late pay and file of CAT. The surcharge is based on a percentage of the total tax payable for the year the return is late and graded according to the length of the delay. However, there is an overall cap on the level of the surcharge which is calculated as follows:
- 5% surcharge to a maximum of €12,695, if you complete the tax return and pay the tax within 2 months of the pay and file date.
- 10% surcharge up to a maximum of €63,485, if you do not complete the tax return and pay the tax within 2 months of the pay and file date.
Services we Offer
Pension
Planning for retirement can seem a bit daunting, but starting a pension doesn’t have to be. Our pension experts are here to help you.
Tax Planning
We pride ourselves on providing an intelligent, experienced, well-rounded and integrated tax planning and advisory service to our clients.
Corporate Finance
Whether you are selling your business, buying a new business, refinancing or in need of a valuation for probate or divorce, you can rely on us
Statutory Accounts
Wherever you are in your business lifecycle financial reports help you make better informed business decisions with greater confidence.
Bookkeeping
Outsourcing your bookkeeping can actually save you money and time. Also save penalties by not missing tax deadlines.
Payroll
We provide a high-quality payroll service to small, medium and large corporate companies.
VAT Returns
We can prepare your VAT return; either from your own bookkeeping records or we can take care of your record keeping and the VAT return.
Tax Returns
We offer a comprehensive and wide-ranging individual self-assessment service which will save you valuable time and reduce the burden that comes with completing your tax return by yourself.
Company Secretarial
We offer a broad range of services in this area including company formation, VAT and PAYE registrations, a registered office service and the preparation and submission of the annual Confirmation Statement.
Our Offices
Maynooth Office
Moneycooley
Maynooth, Co Kildare, W23 P603
Phone: +353 1211 8400
Email: info@taxlink.ie
Dublin Office
10 Anglesea House, 63 Carysfort Avenue,
Blackrock, Co. Dublin A94 X209
Phone: +353 1211 8400
Email: info@taxlink.ie
Latest Updates & Resources from TaxLink
What clients say about Taxlink
With over two decades of experience, we have tirelessly built a reputation on the reliability, integrity and success of our work. Hundreds of companies and individuals across Dublin and the Ireland trust us for a wide range of accounting services, tax planning services and business advisory. These testimonials reflect the hard work we put in every day to delight our clients and make managing their accounts easier.
Taxlink are unique as you can get. They have a great one to one service and they always answer your queries in a fast and professional manner. I find Taxlink when I opened up my limited company. I was clueless, but Taxlink Accountants kindly assisted me in the best way so I felt at ease and understood how the operation works.
A modern and quick way to handle Business Accounts. Simple to set up, good bookkeeping software incl in the cost-effective customer support team.
Real-time support to answer your questions and handles your accounts professionally. Happy customer
Taxlink has an extremely broad spectrum of skills; they really understand the business and can be trusted to come up with credible solutions.
Their breadth of knowledge is outstanding given the size of the company; it is easily on a par with some of the larger practices.
Taxlink has an extremely broad spectrum of skills; they really understand the business and can be trusted to come up with credible solutions.
Their breadth of knowledge is outstanding given the size of the company. It is easily on a par with some of the larger practices.
