Taxbytes for Expats

ExpatTaxes.ie

Are you an expat who is confused by the Irish tax system? Maybe you are planning a move to or from Ireland and want to understand how to navigate the complex tax issues that arise? Taxbytes for Expats is the show that explains in simple terms the dos and don'ts of Irish taxes for expats. read less
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Navigating Revenue & Maximising your Earnings with Alan Purcell (Part 2)
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Navigating Revenue & Maximising your Earnings with Alan Purcell (Part 2)
I'm back again with Alan Purcell from Cloud Accounts as we dive deeper into the nuances of the Irish tax system. As expats, navigating a new tax landscape can be daunting but Alan breaks it down and offers incredible advice on becoming tax efficient in Ireland.Alan continues to unravel the complexities of PAYE, USC, and PRSI, explaining their impact on your finances while registering with Revenue.ie to claim back on overpaid taxes. Whether you're new to Ireland or looking to optimize your tax returns, this episode is packed with actionable insights. Alan's expertise will help you put some of those tax payments back in your pocket!Enjoy this week's episode, and don’t forget to check out our last episode for the first part of my discussion with Alan!Main Topics discussed in this Episode:A detailed breakdown of Income Tax, Universal Social Charge (USC), and Pay Related Social Insurance (PRSI) in Ireland.Practical advice on saving money through strategic tax planning, including maximizing pension contributions.How to utilize Ireland's online tax systems to manage and reclaim overpaid taxes effectively.An exploration of tax-efficient investment options available to individuals in Ireland.Contact Alan PurcellAlan's Website: https://www.cloudaccounts.ie/Instagram: https://www.instagram.com/cloudaccountsireland/Book a Consultation with Alan: https://calendly.com/cloudaccounts/cloudaccounts-consultationRecommended by AlanThe Remote Bookkeeper: https://www.instagram.com/remotebookkeeper/*****If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.
Put Money Back in your Pocket by Understanding PAYE Taxation with Alan Purcell (PART 1)
21-05-2024
Put Money Back in your Pocket by Understanding PAYE Taxation with Alan Purcell (PART 1)
In this episode, we’re diving into the intricacies of PAYE taxation in Ireland with Alan Purcell, a Chartered Accountant and tax expert from Cloud Accounts. Alan is our first guest who's an Irish Chartered Accountant, and has made it his mission to simplify personal taxation for everyone.In Part One of our chat, Alan breaks down the complexities of the PAYE system, highlights key differences between Irish and international tax systems, and shares tips on maximizing your tax returns. Whether you’re relocating to Ireland or just looking to understand the Irish tax system better, this episode is packed with information that could put money back in your pocket. Enjoy this week's episode, and don’t forget to check back in two weeks for the second installment of my enlightening discussion with Alan!Main Topics discussed in this Episode:Alan discusses the basics of the PAYE system and its significance for expats and residents alike.Insights into how Ireland’s PAYE system compares with other countries, potentially affecting expats transitioning from different tax jurisdictions.Practical advice on how to ensure you’re not leaving money on the table with the Irish Revenue.Alan emphasizes the importance of being registered and active on Revenue.ie to manage and potentially benefit from tax returns.Detailed discussion on various tax credits and reliefs available in Ireland that expats and residents may not be fully utilizing.Alan shares common mistakes people make regarding tax filings and how to avoid them.Strategic advice on planning for future tax years and making informed financial decisions based on one’s tax situation.Contact Alan PurcellAlan's Website: https://www.cloudaccounts.ie/Instagram: https://www.instagram.com/cloudaccountsireland/Book a Consultation with Alan: https://calendly.com/cloudaccounts/cloudaccounts-consultationRecommended by AlanThe Remote Bookkeeper: https://www.instagram.com/remotebookkeeper/*****If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.
The Expert you Need when Moving your House to/from Ireland with Damien Mason
30-04-2024
The Expert you Need when Moving your House to/from Ireland with Damien Mason
In this episode I chat with Damien Mason from Mason Transport, a leader in international relocation services to and from Ireland. With over 28 years in the business, Damien shares with us the ins and outs of moving to and from Ireland after helping people move over the last three decades. Navigating the task of moving cars, furniture, personal items and more is difficult without guidance and support on the restrictions, paperwork and coordination (especially when it could be months before you see your stuff again). Damien shares his advice on navigating customs, avoiding common pitfalls, and making your big move as smooth as possible. The insights Damien shares in this episode could be the tips you need to make your move from or to Ireland that much easier. We hope you enjoy the episode and can ease the strain on your move!Main Topics discussed in this Episode:Introduction to the services provided by Mason Transport and Damien's journey in founding the company.Discussion on the comprehensive services offered, including customs clearance.Detailed advice on importing cars, including necessary documentation and understanding Ireland’s Vehicle Registration Tax (VRT).Tips on how to pack your container for shipment, how to secure items and manage space effectively.Guidance on dealing with customs, required paperwork, and ensuring a smooth process when relocating.Advice on saving money during international relocations, including self-packing and sharing container space.If you'd like to get in touch with Damien and Mason Transport to move your stuff to or from Ireland: Head to the website: https://masontransport.com/ Email them directly: info@masontransport.com. Contact them on Facebook: https://www.facebook.com/masontransport.*****If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.
US Citizenship, Digital Nomads and Saving on Taxes with Olivier Wagner
16-04-2024
US Citizenship, Digital Nomads and Saving on Taxes with Olivier Wagner
Working overseas as a U.S. citizen means the tax conversation can be tricky! How much do you pay as taxes to each country? Do you need a tax agent in the U.S.? And what entitlements do you have as someone working abroad?With over a decade of expertise in US expat taxes, Olivier Wagner shares with me what U.S. citizens living abroad need to know, especially if they are digital nomads. From leveraging the Foreign Earned Income Exclusion to the complications of Social Security contributions, Olivier shares with me the insights you need to live in Ireland and pay taxes in the U.S.Whether you're considering renouncing your US citizenship or curious about the tax implications of your global lifestyle, this episode is packed with essential advice to help you stay compliant and make informed decisions.Main Topics Discussed:Introduction to Olivier Wagner and his expertise in US expat taxation.Overview of tax obligations for US expats and digital nomads.Utilizing the Foreign Earned Income Exclusion for digital nomads.The implications of Social Security contributions for US expats.Strategic considerations for US citizens contemplating renouncing their citizenship.Financial planning tips for US expats living in higher tax jurisdictions.The importance of seeking professional tax advice before moving abroad.If this conversation resonates with you and you'd like to seek out Olivier's services, head to https://1040abroad.com/ to organise a free consultation. Alternatively, you can purchase Olivier's book on Amazon.LinkedIn: https://www.linkedin.com/in/owagnerea/*****If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.
Buying a House in Ireland from Overseas as an Expat with Miriam Finn
02-04-2024
Buying a House in Ireland from Overseas as an Expat with Miriam Finn
The Irish property market is often considered difficult to understand, and houses even harder to come by. In this episode, I get to speak with Miriam Finn, a seasoned property consultant who's dedicated to helping folks like you find their dream homes in Ireland. With over three decades of experience in finance and property, Miriam is an expert at finding and securing houses for expats both in Ireland and overseas.In our chat, Miriam breaks down the essentials of the property buying process in Ireland, shares tips on overcoming common hurdles and offers a glimpse into what buying a property in Dublin is like. So whether you're contemplating a move back to Ireland or considering an investment here, Miriam's advice and services will be a huge benefit to you!Main topics discussed in this episode:Miriam Finn's Background in retail banking, mortgage brokerage, and property salesHow Miriam and her team alleviate the stress of property hunting, especially for expats unfamiliar with the local market.Valuable insights into the current state of the Dublin property market and the challenges in the Irish market.Miriam outlines the typical timelines in purchasing a property in Ireland, emphasizing the importance of being well-informed and prepared.Miriam offers practical tips for expats, including the importance of understanding local market nuances, the benefits of establishing connections with real estate professionals, and the value of on-the-ground support.For listeners intrigued by the prospect of buying property in Ireland and seeking professional guidance, Miriam shares how to get in touch with her team for a personalized consultation.More information and to book free consultation with Miriam Finn, head to www.miriamfinnproperty.ie or connect with her on LinkedIn: https://www.linkedin.com/company/miriam-finn-property-consultant/.*****If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.
Tracking your Tax Residency across the World with Tim Heulin
19-03-2024
Tracking your Tax Residency across the World with Tim Heulin
As an expat, you've likely had to sort out your tax residency and assets in multiple countries and if you've got interests in three or more residencies, it becomes really complicated!This week I had a chat with Tim Huelin, the brains behind the brilliant new app: Daysium (https://daysium.com/). Before trying his hand at tech entrepreneurship Tim was a pilot, so he knows a thing or two about bouncing between countries. That's why he created Daysium – to help folks like us keep track of our travels for tax reasons without all the headache.In this episode, I found out how Tim went from flying people around the world to crafting an app that's all about making tax residency tracking a breeze. You'll get the lowdown on what Daysium is, who it's for, and why it could be a game-changer if you're tired of keeping track of your international moves the old-fashioned way. And you'll be prepared when your tax accountant mentions for you "to keep records"!So, whether you're moving countries often or planning a big move and want to keep your tax accountant happy, listen on to discover how Daysium could take the stress out of your tax residency woes. Plus, find out how you can get on board with this nifty tool and even become a partner.Main Topics discussed in this episode:Introduction to Tim Huelin and his transition from an airline pilot to a tech entrepreneur.What is Daysium, its purpose, and the technology behind it.Addressing the challenges of tracking tax residency for frequent travelers.How Daysium simplifies the process of documenting and proving tax residency status.Potential use cases for Daysium.The global scope of Daysium and its future potential in the tax and technology landscape.How listeners can learn more about Daysium, sign up for the waitlist, or explore partnership opportunities.If you'd like to find out more about Daysium and how it can help you effectively track your tax residency, visit https://daysium.com/ or register your interest now for access to Daysium as an exclusive bonus for Taxbytes For Expats listeners!*****​If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.
Zero-tax strategies for Entrepreneurs in Dubai with Shiraz Waheed
05-03-2024
Zero-tax strategies for Entrepreneurs in Dubai with Shiraz Waheed
You may have considered relocating to Dubai, a hub for entrepreneurs seeking financial freedom and a zero-tax lifestyle. In this episode, I had a chat with Shiraz Waheed, an experienced financial consultant from Deloitte turned independent startup consultant, who shared his insights on the tax aspects of making the move from Ireland to Dubai.Shiraz shares with me his Dubai Zero-Tax blueprint process which has helped hundreds of entrepreneurs improve their tax repayments while enjoying a location-independent lifestyle. Whether you're contemplating moving your family to Dubai or establishing a tax-efficient corporate structure, Shiraz's expertise offers a roadmap to help your money support your lifestyle, and not the other way around.Main Topics from this episode:Discover why Dubai is a magnet for entrepreneurs and businesses looking to save money on tax.Learn the intricacies of transferring your life and business to Dubai, ensuring compliance and maximizing benefits.Shiraz paints a vivid picture of what daily life entails in this vibrant city, from its multicultural environment to its safe and dynamic lifestyle.Get a step-by-step guide on establishing a company, obtaining residency, and networking with other expats and business owners.Understand how Dubai's strategic location and business-friendly climate foster unparalleled networking and growth prospects.For anyone considering a new chapter in Dubai or seeking ways to enhance their financial freedom, this episode is packed with actionable insights and expert advice. If you're interested in talking to Shiraz about moving your business to Dubai, visit setuphero.com or email Shiraz at Shiraz@SetupHero.io.*****​If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.
Pensions, Planning, and Investing for your Future in Ireland with Marc Westlake (Part 2)
20-02-2024
Pensions, Planning, and Investing for your Future in Ireland with Marc Westlake (Part 2)
I'm thrilled to have Marc Westlake, a seasoned Chartered Financial Planner and the Managing Director at Everlake, join us once again for a vital discussion that picks up right where we left off.In Part Two of our conversation, Marc shares valuable insights into maximizing your pension benefits, the art of diversification, and how to be financially savvy globally and in Ireland. Whether you're contemplating the move, have recently relocated, or are looking to optimize your existing arrangements, Marc's expertise will help you secure your financial future.From understanding the bedrock of pensions in Ireland to strategic moves that could save you and your family plenty of money, Marc breaks down complex financial planning into actionable advice. Moreover, we explore the potential of pensions not just as a retirement fund but as a tool for achieving financial independence and flexibility much earlier in life.Remember, financial wisdom isn't just about accumulating wealth; it's about making informed choices that align with your life goals and values. Main Topics discussed in this Episode:An overview of how retirement provision works, including basic subsistence protection through social security and the benefits of the Irish and UK state pensions.Strategies for enhancing pension benefits, including voluntary contributions to top up UK state pensions and eligibility for claiming both Irish and UK state pensions.Discussion on accessing pensions at an early age for financial benefits, such as paying off mortgages, and the concept of pensions not just being for old age.The process and considerations for transferring pensions, especially from the UK to Ireland, and the importance of planning before making international moves.The pitfalls of not diversifying investments and common financial mistakes expatriates make when moving to Ireland.Advocating for professional financial advice to navigate complex financial landscapes and make informed decisions that align with personal values and lifestyle goals.T​his episode is Part 2 of my conversation with Marc - if you haven't listened yet, check out Part 1 from two weeks ago. I​f you're interested in engaging Marc in his services, get in touch via the Everlake website (https://everlake.ie/​).​If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.
A Deep Dive on Financial Planning for Expats with Marc Westlake (Part 1)
06-02-2024
A Deep Dive on Financial Planning for Expats with Marc Westlake (Part 1)
Marc Westlake, a Chartered Financial Planner and Managing Director at Everlake, brings a wealth of knowledge in wealth management and tax-based services for families and foreign nationals in Ireland in this episode of Taxbytes For Expats. Join us for Part 1 of this enlightening conversation as we unpack the layers of financial planning and tax considerations for expats living in Ireland. Marc's unique blend of professional expertise and personal experience makes for an informative and engaging discussion that you won't want to miss!Main Topics discussed in this EpisodeMarc introduces Everlake, explaining its focus on wealth management and tax-based services for expatriates in Ireland, particularly from the US, the UK, and South Africa. He shares his personal journey of moving from the UK to Ireland and how this experience shapes his expertise.We delve into the complexities of the Irish tax system, especially for foreign investments, and discuss the importance of informed decision-making in tax planning. Marc talks about the bigger picture of financial planning, encouraging people to enjoy their money and focusing on lifestyle goals rather than just financial objectives.A detailed discussion on Section 72 policies in Ireland, their costs, and effectiveness. Marc offers insights into alternative estate planning strategies that might be more beneficial than traditional insurance policies.Marc stresses the importance of aligning financial solutions to client-specific problems rather than a one-size-fits-all approach, underscoring the potential conflicts of interest in commission-based financial products.T​his episode is Part 1 of my conversation with Marc, with Part 2 to come in two weeks. I​f you're interested in engaging Marc in his services, get in touch via the Everlake website (https://everlake.ie/​).​If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.
Country, Culture & Coffee: Embracing Ireland as an Australian Expat with Matthew Bliss
16-01-2024
Country, Culture & Coffee: Embracing Ireland as an Australian Expat with Matthew Bliss
In this episode we had a fantastic chat with Matthew, an Australian expat who, with his Irish wife, embarked on an adventurous move from Melbourne to Ireland. Matthew, who you might know from his podcast "From My Home to Yours," dives deep into their personal journey, sharing the ups and downs, the laughs and the challenges they faced along the way. We talk about everything from dealing with visa issues and financial planning to adapting to the Irish way of life (and searching for that perfect cup of coffee!). If you're curious about what it's like to uproot your life and start anew in Ireland, this episode is just for you. It's packed with heartfelt stories, practical tips, and a good dose of Aussie charm. Tune in to get a real feel of what moving to Ireland entails, and remember, for any specific tax advice, our team at ExpatTaxes.ie is always here to help.Main Topics discussed in this episode:An introduction to Matthew's journey with his wife from Melbourne to Ireland, including where they met and why they decided to move.Insights into adapting to life in Ireland, including differences in lifestyle, culture and weather.The challenges and strategies to moving internationally, focusing on packing up their life in Australia and navigating bureaucracy in Ireland.Employment prospects, remote work, and financial planning for the move.Matthew's observations on Irish culture, including aspects like coffee culture in Ireland compared to Melbourne.Reflections on settling in Ireland, the emotional impact of emigration, and thoughts on potentially returning to Australia in the future.Practical advice for others considering a similar move, emphasizing the importance of preparation and managing expectations.If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.
Embracing the Rainbows: settling in Ireland as a US retiree with Marcus Bailey
02-01-2024
Embracing the Rainbows: settling in Ireland as a US retiree with Marcus Bailey
In this inspiring episode of Tax Bytes for Expats we join Marcus Bailey, an American expatriate who recently made the life-changing move to Ireland. Marcus shares his personal journey - from his emotional connection after arriving in Ireland first in 1995, to the practical challenges of immigration, setting up a new home and adapting to a new life. With insights into the Irish weather, the warmth of the local community, and navigating the complexities of the Irish immigration system, this episode is a treasure trove of tips for expats contemplating a move to Ireland from America. Join us as Marcus offers invaluable advice for handling finances and real estate to embracing the local culture, all while reinforcing the importance of patience and local guidance in adapting to a new country.Main Topics discussed in this episode:Marcus's emotional bond with Ireland since his first visit in 1995.Navigating the Irish immigration system, its current stresses, and the importance of patience and understanding local nuances.Managing finances, the importance of budgeting for the long-term, and the role of professional tax advice in relocation.Insights into finding housing, adjusting to the Irish weather, and the community's warm welcome.The ease of using technology in Ireland for everyday transactions and banking compared to decades ago.The steps involved in obtaining an Irish driver's license.Marcus's efforts to integrate into the local community and his admiration for the Irish language and culture.If this episode resonated with you, we'd love to hear your thoughts! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.
From Milan to Wicklow: an Oscar-winning couple's journey to Ireland with Jenny Stein
19-12-2023
From Milan to Wicklow: an Oscar-winning couple's journey to Ireland with Jenny Stein
This week we delve into the fascinating journey of Jenny Stein, an expat who has experienced the richness of life across many continents. From her initial move from the United States to Milan for industrial design to eventually settling in Ireland with her Oscar-winning husband, Jenny's story is a tapestry of cultural experiences and professional endeavors. In this episode, she shares her unique insights into adapting to life in Ireland, the challenges and rewards of integrating into Irish culture, and the practicalities of settling across three countries with a disparity of funds and governments. While the complications of managing finances, relationships and jobs across many countries can be a burden, Jenny offers sound advice for those considering the journey.Join Stephanie this week to find out Jenny's experience with learning the Irish language and becoming part of the local community in Roundwood while Jenny eloquently narrates her life's journey and the serendipitous events that led her to call Ireland her home.Main Topics discussed in this episode:Jenny's background in industrial design, her and her husband's careers leading to various international relocations, including Milan and Ireland.The decision to settle in Ireland, the process of finding and buying a property, and adapting to life in a rural Irish community.Jenny's efforts to integrate into Irish culture, including learning the Irish language and joining local community groups like beekeeping.Practical challenges encountered during the move, such as dealing with bureaucracy, shipping household goods, and bringing pets internationally.Jenny's perspective on the expat community in Ireland and her relative distance from typical expat networks.Jenny's reflections on life in Ireland, including what she misses about the United States and what she appreciates about Ireland, such as its nimbleness and welcoming nature.If this episode resonated with you, we'd love to hear your thoughts! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.
Understanding the Portuguese non-habitual tax residency scheme - with Jose Barros
18-09-2023
Understanding the Portuguese non-habitual tax residency scheme - with Jose Barros
In this episode of Taxbytes for Expats, we are thrilled to have a special guest, Jose Barros, a Lisbon-based tax lawyer who has particular expertise in Portugal's Non-Habitual Residency (NHR) tax scheme. With years of experience in international tax planning, Jose will share his insights on why Portugal has become such an attractive destination for expatriates and investors. Join us as we dive into the intricacies of the NHR regime, its tax advantages, eligibility criteria, and even a glimpse into crypto taxation in Portugal. In this episode, Jose will provide an overview of why Portugal has emerged as a preferred destination for those seeking a change in residency. From its stunning landscapes to a vibrant cultural scene, Portugal offers more than just tax benefits. Jose will share his perspective on what makes Portugal an enticing choice for expatriates. The Non-Habitual Residency Regime What exactly is the Non-Habitual Residency regime, and what does it mean for those considering a move to Portugal? Jose will break down the key aspects of this unique tax scheme, shedding light on how it can be a game-changer for your financial planning. Tax Advantages of the Scheme One of the main draws of the NHR scheme is its tax advantages. Jose will discuss the significant tax benefits that come with being an NHR in Portugal, including exemptions and reduced rates. Qualifying for the NHR Scheme Understanding the eligibility criteria is crucial for those interested in the NHR scheme. Jose will provide valuable insights into who can qualify, what you need to do to meet the requirements, and how to start the application process. Crypto Taxation in Portugal For those involved in cryptocurrency, Portugal's approach to crypto taxation is of particular interest. Jose will touch on how Portugal views cryptocurrencies for tax purposes, offering clarity to crypto enthusiasts and investors. To learn more about Portugal's Non-Habitual Residency tax scheme, Jose Barros can be reached at jose.barros@martinezechevarria.com. Join us in this episode as we explore the opportunities that Portugal's NHR scheme presents.
Entering the Irish rental market as a landlord - opportunities and pitfalls
18-09-2023
Entering the Irish rental market as a landlord - opportunities and pitfalls
In this episode we speak with Property Specialist Lisa O'Reilly of LOR Property Solutions about the pitfalls and opportunities for landlords in the Irish market. This episode is for you if you are considering renting property in Ireland and unsure of the issues/opportunities in this space.Segment 1: Rent Caps Irish rental market overview. Explanation of rent caps and how they affect landlords. Understanding the Residential Tenancies Act. Tips for staying compliant with rent caps.Segment 2: Finding the right property factors to consider when choosing an investment property. Location, location, location: Exploring ideal areas for investment. Types of properties popular with renters. Working with local real estate agents.Segment 3: Tenant's Rights An overview of tenants' rights and protections in Ireland. The importance of a well-drafted lease agreement. Handling tenant complaints and issues professionally. Eviction laws and the eviction process in Ireland.Segment 4: Registrations The legal obligations of landlords in Ireland. Registering with the Residential Tenancies Board (RTB). Maintaining records and documentation. Penalties for non-compliance.Segment 5: Tax Tips and Rules Understanding Irish taxation for landlords. Deductible expenses and tax benefits. Capital gains tax implications. Professional advice and tax planning.Segment 6: How Lisa's company - LOR Property Solutions Can Assist - The Model They Offer The benefits of joining a landlord association. LOR's resources, support, and educational opportunities. How LOR can help you navigate the Irish rental market.Segment 7: Rates of Return Calculating your return on investment (ROI). Factors affecting rental income and ROI. Long-term vs. short-term rentals. Maximizing profits while providing quality housing. It's no secret that the Irish rental market can be both rewarding and challenging, but with the right knowledge and support, you can make the most of your investment.If you have any questions or would like to learn more about specific topics covered in this episode, feel free to reach out to us or contact Lisa directly via her website https://lorpropertysolutions.ie/
Understanding Tax Credits for Irish Taxpayers
31-03-2023
Understanding Tax Credits for Irish Taxpayers
Introduction. Welcome to the podcast where we help you understand the complex world of taxes. In this episode, we will be discussing tax credits for Irish taxpayers. Tax credits are a valuable tool that can help reduce your tax bill, and we want to make sure you know everything you need to know to take full advantage of them.What are Tax Credits? In this segment, we will start by defining what tax credits are and how they are applied in the Irish tax system. We will also explain why tax credits are important for Irish taxpayers, how they can reduce your tax bill, and the different types of tax credits that are available.Personal Tax Credits. In this segment, we will dive into personal tax credits, which are the most common type of tax credit for Irish taxpayers. We will discuss the different types of personal tax credits available, how to claim them, and how they can reduce your tax bill.Other Tax Credits. In this segment, we will discuss other tax credits that Irish taxpayers may be eligible for, such as the Home Carer Tax Credit, medical expenses and e-working expenses. We will explain who is eligible for these tax credits, how to claim them, and how they can reduce your tax bill.Conclusion. In this episode, we have discussed tax credits for Irish taxpayers. We hope that you now have a better understanding of what tax credits are, how they work, and how to claim them. By taking advantage of tax credits, you can reduce your tax bill and keep more money in your pocket. Thanks for tuning in, and we'll see you next time on the podcast where we help you understand taxes. Drop us a line to info@expattaxes.ie with any queries on topics discussed in this episode.