Tag Archives: personal-finance

People who are incacitated and elderly, have to pay market rent benefit in kind to Revenue on market value of property made available to them to live in. Is this equitable? Otherwise, they would most likely have to live in care home provided by State. Would appreciate feedback on this; it must apply to a number of people?

It is instead a Capital Acquisitions Tax (CAT) charge under section 40 of the Capital Acquisitions Tax Consolidation Act 2003 (CATCA 2003) on the annual “benefit” of free (or below-market) use of property held in a trust. revenue.ie +1 Why … Continue reading

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Fortune: Investing. Is Bill Ackman like Warren Buffett?

 Is Bill Ackman like Warren Buffett?  The CEO of Pershing Square Capital Management cited a desire to unleash “long-term value” when making yesterday’s $64 billion bid to acquire Universal Music Group. He’s long admired the chairman of Berkshire Hathaway, who handed the CEO … Continue reading

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Revenue Ireland is almost certainly referring to a Capital Acquisitions Tax (CAT) charge on the “benefit” of free (or below-market) accommodation from the trust—not a classic employee Benefit-in-Kind (BIK) under income tax. 

Revenue Ireland is almost certainly referring to a Capital Acquisitions Tax (CAT) charge on the “benefit” of free (or below-market) accommodation from the trust—not a classic employee Benefit-in-Kind (BIK) under income tax. The provided AI overview is broadly directionally correct but … Continue reading

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