budget

Budget 2019

Key points of interest in Budget 2019:-

 

  • Inheritance Tax threshold has been raised by €10,000.00 for children to €320,000.00

 

  • Young Trained Farmer Stamp Duty Relief has been extended for a further 3 years to 31st December 2021

 

  • 100% of mortgage interest repayments can be written off against rental profits by Landlords.

https://www.google.ie/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=2ahUKEwjT8MCe3KPeAhWiIsAKHas_BxIQFjAAegQICRAC&url=http%3A%2F%2Fwww.budget.gov.ie%2FBudgets%2F2019%2FDocuments%2F3.%2520Summary%2520of%2520Budget%25202019%2520Taxation%2520Measures%2520-%2520Policy%2520Changes.pdf&usg=AOvVaw2YURp72qBES2Uu65lkWviP


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admc

Assisted Decision-Making (Capacity) Act 2015

Following the signing into law of the Assisted Decision-Making (Capacity) Act 2015, Solicitors Gearoid Williams and Aisling Glynn completed a Law Society Certificate in Decision Making Capacity & Support.   The Act reforms Ireland’s capacity legislation which has been in place since the 19th century. It establishes a modern statutory framework to support decision-making by adults who may have difficulty in making decisions.  This recent Irish Times article provides a helpful update on this evolving area of practice.

https://www.irishtimes.com/opinion/we-must-help-vulnerable-people-to-make-the-best-decisions-1.3344031

 

For advice or to book an appointment, please contact Aisling Glynn or Gearoid Williams.  Alternatively, telephone us on 0659051009 or email us on info@mcmahonwilliams.ie

 


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Phone Lines

Our service providers have advised us that there is a major fault in the Kilrush area and engineers are currently working to repair same. Unfortunately as it is a major fault they cannot give us any indication as to when service will be restored.

In the meantime we have our lines diverted to a mobile number and endeavour to deal with your calls as quickly as possible so please bear with us.

We are contactable by email on info@mcmahonwilliams.ie


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eu

What is GDPR?

No doubt you have noticed an influx of emails from various parties including banks, online retailers and airline companies, to name just a few, advising  you of their new privacy policies.

The General Data Protection Regulation (GDPR) is a legal framework that sets guidelines for the collection and processing of your personal information within the E.U.

The GDPR sets out the principles for data management and the rights of an individual, while also imposing fines for non-compliance.  It came into effect across the EU on the 25th of May, 2018.

We wish to bring to your attention our Privacy Policy set out in our home page.

For further information on GDPR visit https://www.eugdpr.org/


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budget-2018

Update regarding Budget 2018 – Changes to Stamp Duty

Stamp Duty on commercial property transactions has been tripled in budget 2018, up from 2% to 6%, effective from 11th October 2017.  Commercial Stamp Duty refunds will apply to purchasers of residential sites, if they start building homes on the site within 30 months of the land purchase.

The consanguinity rate of Stamp Duty which was due to expire on 31st December 2017 is to be extended for a further 3 years.  The relief applies to transfers of agricultural property between certain blood relatives where the transferor is under 67 years of age at the date of transfer, and the transferee intends to farm the land for at least 6 years, or lease it for 6 years to someone who will farm it.  For those who qualify for the relief, Stamp Duty will continue to be charged at a rate of 1%.


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