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Section 73 Policy Saving Plan - Money Maximising Advisors

  Visit:- https://mmadvisors.ie/section-73-policy/ Section 73 Policy is a savings plan taken out by a person who owns assets (Parent/Grandparent) in order to pay for the potential gift tax liability when certain assets (property/cash etc) are passed onto someone else (usually children). The policy owner pays into this savings plan as normal and after year 8, the funds accumulated in the plan can be used to pay a gift tax liability triggered when assets are transferred. It is very popular for parents who has quite a lot of assets and wish to pass these on to their children while they are still alive.

Gift/Inheritance Tax Savings Plans for Children in Ireland | Inheritance Tax Advice Ireland

 Visit:- https://mmadvisors.ie/gift-inheritance-tax-savings-plans/ There is a lifetime limit from Parent to Child of €335,000 per child of either gifts or inheritance. Once your total assets value exceeds this threshold, a 33% tax is payable on this excess. There are many tax efficient ways of reducing your gift/inheritance tax liability. One of the best ways of potentially reducing an inheritance liability is to transfer as many assets into your children’s names before your death’s as possible. However, care needs to be taken to avoid any capital gains or  gift tax liability , which is also calculated at 33% on all qualifying assets. Assets can be transferred from parents to children in many ways. One of the best and easiest ways of doing this is to set up a Gift/Inheritance Tax Savings plan for each child.

Irish Gift Tax: What is the gift tax allowance in Ireland 2025?

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 Click here to learn more:- https://mmadvisors.ie/irish-gift-tax-what-is-the-gift-tax-allowance-in-ireland-2025/ The tradition of giving gifts is one that we should always treasure, especially in Ireland. It can strengthen bonds and make memories — even birthdays, weddings, or just expressing appreciation. There’s just one critical element of gift-giving that many forget about until it’s too late: the gift tax. “The laws around  tax on gifts in Ireland  are generally well-known, but not universally well-understood, so it is important that people are aware of the rules if they want to bequeath assets without falling foul of the taxman. There are some large shake ups coming up in 2025 in relation to  gift tax exemptions in Ireland . If you intend to make gifts this year or in future years, understanding how these changes might affect you may help you be as generous as possible while minimising potential liabilities. Come with us as we take a look at the state of Irish ...

Mortgage Payments Calculator – First Time Buyer

 Click here to learn more: https://mmadvisors.ie/mortgage-payments-calculator-first-time-buyer/ Purchasing your first home is a thrilling new adventure, but the world of mortgages can be daunting. As a first-time investor, you might be wondering how much you can afford and what your monthly payments will be. That’s where a mortgage payment calculator comes in. This excellent lending tool can help you make informed lending decisions on your future home by estimating your mortgage payment for different home prices,  Mortgage Interest Rates Ireland  and terms. If you’re looking for the best mortgage rates in Ireland or simply want to get to grips with  Interest Rates For First Time Home Buyers in Ireland , knowing how to use a  Mortgage Calculator in Ireland  is crucial. With this guide, you’ll learn what you need to know to calculate your mortgage payments and be equipped with tips that will help you during the journey of your home-buying process.  So le...

Residential Buy-To-Let Mortgage in Ireland: Can I get residency in Ireland if I buy a house?

Click here to learn more: https://mmadvisors.ie/can-i-get-residency-in-ireland-if-i-buy-a-house Thinking of a new adventure in Ireland? The Emerald Isle has beautiful scenery, a long history, and colourful heritage. A lot of non-residents have also started to see the benefits of investing in that country – especially using  residential buy-to-let mortgages . But the question on everyone’s lips is: can buying a house secure residency? However, as you trawl through this exciting journey, you need to become knowledgeable as to how  buy-to-let mortgages Ireland  operate and what advantages they can provide. From having your money work for you to gaining possible residence, there’s a lot to weigh up before taking the plunge in the Irish property market.  Let’s discuss all aspects of getting and managing rental property the right way so you enjoy the fruits of your hard work, not the headaches. What is a Buy-to-Let Mortgage? A buy-to-let mortgage is a specific loan to purc...