Interesting article on Airbnb regarding rent a room relief https://www.independent.ie/business/irish/many-hosts-who-cash-in-on-the-airbnb-boom-are-failing-to-tell-the-taxman-36642551.html

Any landlords out there should have a read of the information in the link below https://www.revenue.ie/en/tax-professionals/ebrief/2018/no-0112018.aspx

Some light reading from The Paradise Papers below https://www.facebook.com/IrishTimesBiz/posts/10155965115014098 #paradisepapers #taxation #CAT

Starting a new job? You must notify Revenue through there online myAccount facility. Details on the link below: https://www.revenue.ie/en/jobs-and-pensions/index.aspx

Back to the grindstone today, we would like to take this opportunity to wish everybody a Happy New Year

Some interesting developments in trying to clear the backlog of Tax Appeals. (There are currently over 4000 cases waiting to be heard with approximately 350 cases per year being dealt with) https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/personal-finance/revenue-in-favour-of-class-action-to-deal-with-tax-disputes-1.3283526?mode=amp

Budget 2018 Farm Land and Stamp Duty This will be caught under the new rates of Stamp Duty for non-residential property. The new rate is 6%. It was passed by the Dail last night (10th Oct 2017). The former rate was 2% so this is a big jump. It is less clear what the effective date of implementation is from media coverage. In “soothing” farmers fears Government spokespersons were quick to say that most transfers of family farms would be covered by either Young Trained Farmers exemption or “Consanguinity Relief.” Consanguinity relief, as worded at present, is not that useful. First of all, it does not apply at all if the person transferring has reached the age of 67. Then all it does is reduce the rate to half the normal rate. That would be 3% not 1% as some have asserted, unless the Stamp duty legislation is changed.

Budget 2018. Some speculation here from the Irish Times about what to expect https://www.irishtimes.com/business/personal-finance/budget-2018-five-ways-you-might-benefit-next-tuesday-and-one-way-you-won-t-1.3242448

How does the amount of tax we pay in Ireland compare with the rest of the world? https://www.irishtimes.com/business/personal-finance/ireland-v-the-rest-of-the-world-do-we-pay-too-much-tax-1.3230432

The following may be of interest to any farmers or indeed anybody who invested in forestry http://ow.ly/9TiX30fo42G

About time too https://www.irishtimes.com/business/revenue-tightens-noose-on-hedge-funds-eyeing-irish-property-gains-1.3230764?mode=amp

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