Capital Taxation for Solicitors offers succinct and practical advice to trainee solicitors enabling them to gain a thorough understanding of the main capital taxes. This manual is essential reading for all students on the Professional Practice Course Part 1 and will also be a useful reference tool for practitioners. This book has been written as a companion manual to three others also in the Law Society of Ireland series: Conveyancing, Landlord and Tenant, and Wills, Probate and Estates. In relation to probate, this book provides a thorough explanation of capital acquisitions tax comprising gift tax, inheritance tax, and discretionary trust tax, and goes on to detail the taxation consequences across a variety of taxes in relation to will drafting and estate planning, and administration of the estate, including the break up of settlements. In relation to conveyancing, it gives a thorough explanation of capital gains tax and stamp duty as these taxes relate to conveyances of residential properties. The manual also outlines the VAT consequences of various transactions in the context of landlord and tenant work.
Online Resource Centre The manual will be updated regularly via the accompanying Online Resource Centre.
Table of Contents
Introduction and overview; 1. Capital Acquisitions Tax; Introduction and Basic Concepts inc. Valuation Date and Calculation of Taxable Value; 2. CAT Calculation of Tax Payable; Computation and Aggregation, the role of the Solicitor; 3. CAT, Valuation of Benefits and Anti-Avoidance; Reliefs; 4. CAT Reliefs; Agricultural Relief; 5. CAT Reliefs; Business Relief; 6. CAT Reliefs; Favourite Nephew Relief and Combinations of Reliefs; 7. Stamp Duty; Conveyances and Leases; 8. Stamp Duty; Exemptions, Reliefs and Administration Property; 9. Capital Gains Tax; Conveyances of Property; 10. Capital Gains Tax; Probate, Leases and Payment of CGT; 11. Value Added Tax; 12. Conveyancing and Taxation; 13. Taxation, Wills and Estate Planning; 14. Administration of Estates and Tax Issues; 15. Taxation and Trusts; Discretionary Trust Tax (DTT); 16. CAT Issues Arising on the Break up of Settlements; 17. CGT Issues Arising in Trusts And Settlements
Courtney Padraic is a solicitor, lecturer and course co-ordinator on the Professional Practice Courses at the Law Society of Ireland.