Tax Archives - Guardian Wealth

How This Business Owner Paid ZERO Income Tax on his Rental Income

by Michael Coburn | Oct 5, 2021 | Tax, Tax Planning

How This Business Owner Paid ZERO Tax on his Rental Income Case Study: James, age 56, is a business owner with a salary from his company of €80,000 per annum. He also has rental profits of another €28,000 in 2020. He had an income tax bill to pay before the end of...

Can I Take A Lump Sum From My Pension Tax Free?

by Michael Coburn | Jul 23, 2021 | Pension Access, Tax

Can I Take A Lump Sum From My Pension Tax Free? You can usually take up to 25% of your pension fund as a lump sum, of which the first €200,000 is tax free. For example, if you had a pension fund valued at €500,000 then your lump sum would be 25% of €500,000 =...

I Am A Company Owner – How Can I Reduce My 2019 Corporation Tax Liability?

by Michael Coburn | Nov 28, 2019 | News, Tax, Tax Planning

Donald J Trump: “Nobody knows more about taxes than me, maybe in the history of the world.” Whilst the current U.S. President seems to have a knack of not having to pay taxes, it’s a different story for most business owners. If you have your company year...

I Am Self Employed – How Can I Reduce My Income Tax Liability?

by Michael Coburn | Oct 31, 2019 | Tax Planning

Winston S. Churchill: “We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” It’s that time of year again for the Self-Employed where you get the joyous news of...

How Can Pension Planning Help Me Transfer Company Wealth To Private Ownership?

by Michael Coburn | Nov 16, 2018 | News, Pension, Tax, Wealth Management & Financial Planning

Are you a business owner looking to transfer company wealth to private ownership? If so, at some point you will turn your attention to one important issue; how to turn company cash into private ownership in a tax efficient manner. Transfering company wealth into...

How Much Inheritance Tax Will My Children Have to Pay?

by Michael Coburn | Nov 8, 2018 | Tax, Wealth Management & Financial Planning

Recent research conducted on behalf of Irish Life found that many people in Ireland intend to leave significant estate values as an inheritance, but often have little understanding of the potential inheritance tax implications (also known as CAT – Capital Acquisitions...