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TaxKey Insights
Tax News & Expert Insights
Stay informed with the latest tax updates, practical guides, and expert analysis from our team.
Are you sure you understand your Irish tax status?
Irish tax residence, domicile, and ordinary residence aren’t just technical definitions, they directly determine how much Irish tax you pay on your income, gains, gifts, and inheritances. Why residence and domicile matter so much in Ireland? An individual’s exposure to Irish tax on their income, capital gains, gifts, and inheritances is significantly influenced by three separate (and very different) concepts: Tax residence Ordinary residence Domicile Each plays a distinct rol
TaxKey
5 days ago3 min read
Featured
Catch up on key updates and featured articles created to keep you informed and ahead.
VAT and the Landlord’s Option to Tax: A Cautionary Tale Every Property Owner Should Read
How one overlooked detail can lead to a potential VAT nightmare and how you can avoid the same fate. Navigating the complexities of VAT legislation can be a minefield so let’s start with a real-life example to illustrate just how costly a misstep can be. Picture this. You are a landlord. It is 2014. You have just secured a solid commercial tenant. The lease is signed. It includes a clause saying the tenant will pay “any Value Added Tax which may arise.” You dutifully charge V
Jul 1, 2025
Navigating VAT Pitfalls When Selling Commercial Property
Selling commercial property can be a complex process, especially when it comes to understanding and managing Value-Added Tax (VAT) implications. It is crucial that property sellers, together with their advisors, are aware of the potential VAT pitfalls to ensure compliance and avoid unexpected liabilities. The VAT treatment of a property sale and potential related costs should be considered early in the sale process. This article highlights key VAT considerations when selling
Dec 9, 2024
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