In a week where AIB announces profits in excess of €2 billion and reports indicate Irish deposits have more than €150 billion held in cash, much of it in low yielding instant access accounts, we release the second article in our series on what options there are for Irish savers to protect the real value of their savings.
A recent ruling by the Tax Appeals Commission reinforces the importance of planning correctly when passing wealth to the next generation. As a result of the Tax Appeals Commissioners ruling , the 32 year old ‘child’ had to pay €65,835 in taxes to Revenue.
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