ferrous sulfate 325 mg tablet viagra computers in the medical office

Guaranteed Irish Relaunch/Return of the GI

We were delighted to attend the relaunch of the Guaranteed Irish brand with An Taoiseach Enda Kenny and Board members and supporters of Guaranteed Irish. GI members support 30,000 jobs in Ireland, contribute to their community and have a positive long term interest in Ireland. As members of GI we connect businesses all over Ireland and Irish communities across the world.

If you wish to join Guaranteed Irish contact Anthony Casey  and we will be delighted make the introduction.

 

Tax implications of Civil Partnership & Co-habitation

The Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010 (Act) was signed into law on 19 July 2011. The purpose of the legislation is to extend to registered civil partners the same tax treatment as is currently provided to married couples under the Tax Acts. It was anticipated that the Act would extend a similar tax treatment to cohabitants however the rights of cohabitants with regard to tax legislation have not been significantly increased in this Act.

Civil Partnership

A civil partnership is defined as a same sex relationship similar to a marriage where both parties have entered into a legal agreement under the Act. The Civil Partnership is required to register with the relevant Registrar in order to qualify for favourable tax treatment. Following the registration of the Civil Partnership, civil partners must notify their local Revenue office of the date of registration.

Thereafter the civil partners will be entitled to broadly the same tax treatment as is currently in place for married couples. To that end they will be entitled to the ‘married tax band’ and credits for Income Tax purposes. They will be entitled to transfer assets to each other without triggering Capital Gains Tax and Stamp Duty. Likewise any gift or inheritances made between civil partners will be exempt from Capital Acquisitions Tax.

In the year of registration, both partners will continue to be taxed on a single assessment basis. In subsequent years, the civil partners can elect for joint assessment, separate assessment or separate treatment as appropriate. Where a civil partnership is legally dissolved, Revenue will record the dissolution and each party will be treated as individuals for tax purposes from the date of dissolution.

Cohabitants
A qualifying cohabitant is defined as a person who has lived with another for 2 years or more in the case where they have one or more dependant children and 5 years or more in any other case. As noted above, the Act does not extend the tax treatment of married couples to cohabitants. However under the legislation, a qualifying cohabitant will have the right to seek redress from the courts similar to married couples. For example where a relationship has ended and a qualifying cohabitant can demonstrate that he/she was financial dependant on the other cohabitant the court may order:

1. That property be transferred from one party to another
2. That maintenance be paid
3. That a pension adjustment order be granted
4. That a cohabitant be provided for from the estate of a deceased cohabitant

Those wishing to avoid the effects of the new Act will need to enter into a cohabitants’ agreement.

If you wish to discuss the implications of civil partnership or cohabitation on your personal tax position, do not hesitate to contact Anthony Casey at 01 6766 476 or by email at acasey@noonecasey.ie

Unfortunately Elvis is not a client

Noone Casey has extensive experience within the media and entertainment industry. We understand the lives of artists and performers, and how the nature of their work leaves little time to look after finances. We believe we have a structured approach to ensure that your financial affairs and taxes are in order. Whether you are looking for international tax advice to reduce overseas withholding taxes or are starting a new band, we can sort you out.

With a diverse portfolio of international clients, including Rodrigo y Gabriela, Tommy Tiernan and many others, we not only appreciate the issues you face, but we enjoy helping you park your financial concerns so that you can enjoy your success.

Unfortunately Elvis is not a client.

Budget 2012 – video and newsletter

Welcome to the Noone Casey Budget 2012 summary.

As austerity measures kick in & disposable income reduces, we are very conscious of the ongoing struggle to keep business afloat. Noone Casey is offering you a free financial review to assess the key financial issues you are facing.

Contact noone casey to arrange this review.

Our Budget 2012 Newsletter is now available to download in PDF format (475kb).

Watch our Budget 2012 video.

We Are Here!

25 Herbert Place,
Dublin 2,
D02 A098,
Republic of Ireland.

T:+353-1-6766476
F:+353-1-6766783
E: info@noonecasey.ie