Tips and traps
Are you a professional person or a business owner?
Find answers to tax questions in our members area.
Ask a question
Taxation of Property Transactions 2017
(7 CPD hours)
Tax question of the week #3
Question: Client bought property for €3m in 2008. He has a bank debt of €2.5m. There are no capital allowances on the property. The bank accepts €1m sale proceeds (market value) in settlement of the loan. The bank writes off the €1.5m capital. The bank also writes off €100k in interest arrears. What are the […]
Popular question categories
Great professional advice in simple English
Linda Utinane, BJK Accountants
Very informative material explained in a clear, common sense manner
Fiona Cullivan, Michael J Kennedy & Co
Informative, useful and helpful in bringing ideas and solutions to clients
Donald P McKenna, Donald P McKenna & Assoc