Recommend books/guides on minimizing tax liability

RoRo979

With plenty free time working from home and unable to leave I have decided to finally give a go at understanding how to best take advantage of the Irish tax system. Many guides I would come across online to do so would be UK based, e g. Recommending LISA for investments or US based which operstes in a completely different taxation environment.

When business are back open I plan on going to a tax consultant, but I would like to do my own research beforehand. The things I would imagine that would.be mentioned are things like putting your medical receipts in your p21, creating a business and make purchases using it therefore using pre tax profit, taking advantage of CGT instead of income tax on shares, potentially registering a business a abroad and investing through that, investing max possible in pension before investing as pre tax money is used, ways to pass assets to family members to reduce tax paid.

The points above are by no means true, just things I have seen mentioned in the context of different countries. Any resources are welcome. Thanks

Calahonda52

creating a business and make purchases using it therefore using pre tax profit,

this only applies if the goods are related to the business..
Even the simple VAT3 return now asks for a breakdown of unusual purchases on which VAT is claimed: full details required.

RoRo979

Calahonda52 wrote: »

creating a business and make purchases using it therefore using pre tax profit,

this only applies if the goods are related to the business..
Even the simple VAT3 return now asks for a breakdown of unusual purchases on which VAT is claimed: full details required.

Most definitely. Knowing someone that did this the items the claimed as business expenses were things such as phone bills, new electronics, wifi, some electricity. There could perhaps be other benefits such as not drawing money out of the company so it is not sucject to income tax and instead use it to reinvest, deferring the payment down the line. But I am only speculating here

Stratvs

Alan Moore has been a long time on the tax lecture circuit here. I've both purchased his books and attended lectures he gave over the years and he has vast experience in this area. This one is a relatively light read all round view of the Irish system with many tips and traps outlined. It may be what you're looking for as a starting point.

https://www.taxworld.ie/product/tax-magic-2019-ebook/

( I have no connection with the author or his company )

RoRo979

Stratvs wrote: »

Alan Moore has been a long time on the tax lecture circuit here. I've both purchased his books and attended lectures he gave over the years and he has vast experience in this area. This one is a relatively light read all round view of the Irish system with many tips and traps outlined. It may be what you're looking for as a starting point.

https://www.taxworld.ie/product/tax-magic-2019-ebook/


( I have no connection with the author or his company )

That looks perfect 👌 exactly what I was hoping to find, no doubt it won't go into deep specifics but a broad covering of most things will be enough so I know what to look more specifically into! Thanks very much