What’s Left?

Tax Reliefs and Opportunities

Start-Up CT Exemption

● Extended to end of 2014● Exemption from Corporation Tax where

the liability not greater than €40,000.● For first three years of trading● New Trade● Not available to certain companies

Personal Property Debt

● Low property values – negative equity

● Transfer property to trading company● Stamp Duty at 2% for commercial property

● Trading company to finance capital repayments● Individual - €2m of income to pay €1m of capital● Trading Co - €1.15m of income to repay €1m

● Capital Gains Tax Exemption

Sole Trader v Company

Tax Tips

● Make sure you claim all your entitlements● Filing of returns on time and through ROS● Reduce frequency of PAYE & VAT returns ● VAT on cash receipts basis● Bad debt relief● Reduced PRSI rates● Capital allowances● Go Green● Assets are held in tax efficient manner ● Small Gift Exemption● Explore R & D tax credits

Find Out More

Visit us Online:http://www.mcinerneysaunders.ie

Read More About Our Annual Networking Event & Budget 2012:

http://www.mcinerneysaunders.ie/blog/budget-2012-event/