Taxation News
The recently enhanced Tax Team at Monahans, with their wide ranging knowledge and experience, can proactively advise you in an even wider range of ways than ever before. Here we keep you abreast of news and changes in the world of tax. Visit this section of our web site on a regular basis to discover ways to minimise your tax bill.
24/7/2008 : Tax Tricks With Loans
Mortgage interest tax relief on home loans has been dead and buried for many years but Anthony Cohen, Tax Partner at Monahans, explains a number of ways that are still available to gain full tax relief on interest paid. Loan interest for business purposes and for the purchase or improvement of let properties is usually allowable against income tax at one’s highest rate.
6/5/2008 : Income Shifting
The introduction of the “income shifting” rules has been delayed, but for how long and what form will the rules take when introduced?