Wednesday, 10 August 2011

Make sure you are receiving your Tax relief


While most property related tax reliefs have been abolished over the last few budgets, a number still remain. Its important to take some time to make sure you are aware of what qualifies for relief.

Some of these reliefs are available to be claimed back at the end of the year and some are TRS (Tax relief at source).

  • Pension contributions
  • Income protection policies
  • Mortgage interest relief
  • Rent relief
  • Private medical insurance policies
  • Medical expenses
  • Service charges (Bins etc)
  • Trade Union Subscriptions (up to 01/01/2011)
  • Tuition Fees
  • Interest relief (Unsecured home improvement loans)
  • Rent a room scheme
  • Childcare services (in your own home, up to €15k)
Details on all the current reliefs are available on the Revenue website.
FS

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