TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Have you received a redress payment in respect of a tracker mortgage?

Revenue published a new tax and duty manual dealing with income tax on tracker mortgage redress payments received by landlords with buy-to-let mortgages. If you received a payment, Revenue are saying that any tax liability arising is to be paid by the lender. This means that you do not have to file amended returns for years to 2016, or to take account of such payments in rental computations for 2017 tax returns. The Central Bank also issued guidance telling lenders to liaise directly with Revenue.