Personal Tax

Articles relating to Personal Tax. Please feel free to get in touch with the team here at BKRM Nexus if you need any tax advice or help with your personal tax returns.

Budget Highlights 2022

Budget Highlights 2022

A synopsis of Business Tax, Property, Personal Tax, Tax Credits and Income Tax Rates, along with other notable announcements.

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Budget Highlights 2021

A synopsis of Business Tax, Property, Personal Tax, Tax Credits and Income Tax Rates, along with other notable announcements.

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Pensions During the Pandemic

Pensions During the Pandemic

In this article we aim to touch on a number of key pension areas for clients as they navigate their way through the current pandemic and evolving government and EU policy on pensions. We look at the rise in popularity of Self invested pensions in the current market,...

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Will I or Won’t I?

Will I or Won’t I?

A Will is an instrument whereby a person’s assets are distributed on his/her death, pursuant to his/her wishes (subject to certain conditions). However a relatively large proportion of us have not made a Will. This may be to do with a person’s fear of death and...

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Universal Social Charge 2020

Universal Social Charge 2020

The National Minimum Wage increased by €0.30 to €10.10 per hour from 1 February 2020. To that end a full time worker on minimum wages with 39 hours of paid work would earn €20,484 per annum. As a consequence, Revenue announced a change to the USC thresholds to raise...

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Budget Highlights 2020

Budget Highlights 2020

A synopsis of Business Tax, Property, Personal Tax, Tax Credits and Income Tax Rates, along with other notable announcements.

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Rent a Room Relief

Rent a Room Relief

Where a room or rooms in an individual’s principal private residence (PPR) are let as residential accommodation and the gross annual rental income is less than €14,000 per annum,this rental income is exempt from Income Tax, PRSI and USC. Revenue has confirmed their...

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Self-Administered Pension Scheme Investors

Self-Administered Pension Scheme Investors

Upcoming changes proposed by the Department of Employment Affairs and Social Protection due to the need for Ireland to transpose the European IORPS II Directive into law will inevitably have discouraging and restrictive consequences for members of Small...

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Taxation and Home Tuition Grant Scheme

Taxation and Home Tuition Grant Scheme

The purpose of this Home Tuition Grant Scheme is to provide funding towards the provision of a compensatory educational service for children who, for a number of specific reasons, are unable to attend school. However, it should also be noted that the Home Tuition...

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The Finance Bill 2018

At time of writing (mid-November),Minister Donohoe has delivered his second Budget speech and the 2018 Finance Bill has just passed Committee Stage. A very brief outline of changes to date (under summary headings) is: PERSONAL/EMPLOYEE TAXES An increase of €750 in the...

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