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Dublin men to marry to avoid inheritance tax

13567…13

Comments

  • #62
    mark_jmc
    Registered Users, Registered Users 2 Posts: 608 ✭✭✭mark_jmc


    What annoys me about inheritance tax is- as a childless couple (not by choice) when we die & leave our hard earned money/ house etc to nephews/ nieces etc- we don’t have the option to ‘give’ the same tax exemptions to our benefactors as those with children do


  • #63
    server down
    Closed Accounts Posts: 1,611 ✭✭✭server down


    Zaph wrote: »
    Fair play to them, the whole concept of inheritance tax is immoral imo.v I just hope that the authorities don't block them from getting married because it's to exploit a tax break as opposed to it being a real relationship. I wouldn't be surprised if they viewed it as being similar to foreign guys marrying EU citizens here to get passports.

    Inheritance tax is by far the most moral tax there is.


  • #64
    RayM
    Closed Accounts Posts: 7,973 ✭✭✭RayM


    server down wrote: »
    Inheritance tax is by far the most moral tax there is.

    Pretty much. A tax on unearned money.


  • #65
    diomed
    Closed Accounts Posts: 4,744 ✭✭✭diomed


    RayM wrote: »
    Pretty much. A tax on unearned money.
    So no one earned the money?


  • #66
    RayM
    Closed Accounts Posts: 7,973 ✭✭✭RayM


    diomed wrote: »
    So no one earned the money?

    The person receiving it did not earn it.


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  • #67
    diomed
    Closed Accounts Posts: 4,744 ✭✭✭diomed


    RayM wrote: »
    The person receiving it did not earn it.
    the person giving it did earn it.


  • #68
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    diomed wrote: »
    the person giving it did earn it.

    And they don't pay the tax on it


  • #69
    RayM
    Closed Accounts Posts: 7,973 ✭✭✭RayM


    diomed wrote: »
    the person giving it did earn it.

    Yeah, and they're not being taxed. The person receiving it is.


  • #70
    WHIP IT!
    Registered Users, Registered Users 2 Posts: 5,887 ✭✭✭WHIP IT!


    RayM wrote: »
    Yeah, and they're not being taxed. The person receiving it is.

    Every now and then I think boards can't get any dumber.... and then...


  • #71
    SEPT 23 1989
    Registered Users, Registered Users 2 Posts: 43,038 ✭✭✭✭SEPT 23 1989


    I would expect yearly tax audits for the both of them after they pull a stroke like this


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  • #72
    RayM
    Closed Accounts Posts: 7,973 ✭✭✭RayM


    WHIP IT! wrote: »
    Every now and then I think boards can't get any dumber.... and then...

    What's dumb about taxing unearned income?


  • #73
    diomed
    Closed Accounts Posts: 4,744 ✭✭✭diomed


    riffmongous wrote: »
    And they don't pay the tax on it
    From my own experience the people giving the inheritance paid all the taxes levied by the state all their working lives.


  • #74
    RayM
    Closed Accounts Posts: 7,973 ✭✭✭RayM


    diomed wrote: »
    From my own experience the people giving the inheritance paid all the taxes levied by the state all their working lives.

    ...and if the person who receives the inheritance never worked a day in their life? It's income, it gets taxed, which is fair. :)


  • #75
    WHIP IT!
    Registered Users, Registered Users 2 Posts: 5,887 ✭✭✭WHIP IT!


    RayM wrote: »
    What's dumb about taxing unearned income?

    :rolleyes:
    diomed wrote: »
    From my own experience the people giving the inheritance paid all the taxes levied by the state all their working lives.


  • #76
    RayM
    Closed Accounts Posts: 7,973 ✭✭✭RayM


    WHIP IT! wrote: »
    :rolleyes:

    Dumb response, tbh.


  • #77
    Mrs Shuttleworth
    Registered Users, Registered Users 2 Posts: 1,550 ✭✭✭Mrs Shuttleworth


    Only read the OP but I was convinced at the time of the referendum that Fianna Fail support for SSM was to allow property developers pass assets between themselves and avoid stamp duty and gift tax. There is nothing illegal about it as consummation of a marriage is not mandated.


  • #78
    Mrs OBumble
    Registered Users, Registered Users 2 Posts: 27,086 ✭✭✭✭Mrs OBumble


    Zaph wrote: »
    Fair play to them, the whole concept of inheritance tax is immoral imo.v I just hope that the authorities don't block them from getting married because it's to exploit a tax break as opposed to it being a real relationship. I wouldn't be surprised if they viewed it as being similar to foreign guys marrying EU citizens here to get passports.

    On the other hand, I'm in a committed sexual relationship for well over 5 years. I'm getting all the sex I need. We both have or could get Irish passports in our own right. The ONLY reason for us to marry now is tax. So should we be allowed to get married?

    And one of the best marriages I know is between a man and a woman who don't even share a bedroom. due to the mental health issues which one of them has. Sex or not, they love, honour and cherish better than most "healthy" people I know. Should that be allowed?


  • #79
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    diomed wrote: »
    From my own experience the people giving the inheritance paid all the taxes levied by the state all their working lives.

    And they don't pay the tax on it again.


  • #80
    diomed
    Closed Accounts Posts: 4,744 ✭✭✭diomed


    riffmongous wrote: »
    And they don't pay the tax on it again.
    If i could understand your posts i could reply.


  • #81
    Dakota Dan
    Registered Users, Registered Users 2 Posts: 3,772 ✭✭✭Dakota Dan


    kona wrote: »
    Are you insane? Lol
    Why do you think he's insane there were two choices in the referendum he was entitled to vote what ever way he wanted.


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  • #82
    Hotblack Desiato
    Registered Users, Registered Users 2, Paid Member Posts: 41,993 ✭✭✭✭Hotblack Desiato


    Sooo... are these lads going to consummate their union to make it all official like?

    (Visions of some sort of sex inspector knocking on newly-weds doors to check they're actually riding each other and the marriage isn't a sham :eek: )

    I'm partial to your abracadabra
    I'm raptured by the joy of it all



  • #83
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    diomed wrote: »
    If i could understand your posts i could reply.

    It's already been explained to you
    RayM wrote: »
    Yeah, and they're not being taxed. The person receiving it is.


  • #84
    RayM
    Closed Accounts Posts: 7,973 ✭✭✭RayM


    Hotblack Desiato wrote: »
    Sooo... are these lads going to consummate their union to make it all official like?

    (Visions of some sort of sex inspector knocking on newly-weds doors to check they're actually riding each other and the marriage isn't a sham :eek: )

    If they go to any musicals over the next while, I'd advise them to keep the receipts.


  • #85
    splinter65
    Registered Users, Registered Users 2 Posts: 9,420 ✭✭✭splinter65


    I don’t see how anyone can be surprised.
    It makes perfect sense. If an unmarried man or woman wants to leave/gift any kind of money or property to an unmarried family friend or anyone at all, sure why not trot down to the registry office.
    Save yourself a fortune in tax.
    It only costs €200.
    It’s only a legal contract.
    If you fall out later just get a divorce.
    The sooner the better the Irish wedding with the white dress and the doves and the chocolate fountain nonsense dies a death the better.
    Solicitors/accountants should actually encourage this.
    We will all have to pay more tax now to make up for the loss to Revenue but what about it.


  • #86
    Dakota Dan
    Registered Users, Registered Users 2 Posts: 3,772 ✭✭✭Dakota Dan


    mikemac2 wrote: »
    Back in the day the tax year used to start in April.
    Might have been Charlie McCreevy who changed it to a calendar year or maybe a minister before him, ah it was a long time ago

    No tax credits back then but you had the tax free allowance

    April was the peak month for weddings as it was the start of the tax year and the non working wife could transfer their allowance. And the reason I say wife is we know it was most cases and if she was a civil servant she was forced to resign! Though the civil service bar is decades ago, not recent history

    OP, tax avoidance all legal was going on 50 years ago. Anyone who pays more tax than they have to is a fool
    Plenty still have their tax year from April to March.


  • #87
    west20s
    Registered Users, Registered Users 2 Posts: 36 ✭west20s


    I wonder would he get the Widow's Pension also?


  • #88
    Dakota Dan
    Registered Users, Registered Users 2 Posts: 3,772 ✭✭✭Dakota Dan


    west20s wrote: »
    I wonder would he get the Widow's Pension also?
    Only if he gets rear ended beforehand.


  • #89
    myshirt
    Registered Users, Registered Users 2 Posts: 5,245 ✭✭✭myshirt


    [Deleted User] wrote: »
    Inheritance tax is not right anyway! When you earn your money you pay tax on it and then they want you to pay tax on it again? F**k off

    Inheritance tax is on unearned wealth you clown.


    Mod-Banned


  • #90
    splinter65
    Registered Users, Registered Users 2 Posts: 9,420 ✭✭✭splinter65


    It’s just dawned on me this minute that for the insignificant sum of €200 2 unmarried close friends can marry in order to avail of the married tax credit.
    Let’s face it if your 45+ you still have at least 20 years to work.
    It doesn’t look as if your going to meet Mr/Ms Right now, and if you do you can always get divorced .
    Even if the divorce costs €3000 you’ll still probably be quids in. Let’s hope they soon relax the divorce laws do you can get a quickie like you can in the UK.


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  • #91
    Hotblack Desiato
    Registered Users, Registered Users 2, Paid Member Posts: 41,993 ✭✭✭✭Hotblack Desiato


    Mrs OBumble wrote: »
    The ONLY reason for us to marry now is tax.

    We got married for two reasons, neither to do with tax (we were earning pretty much the same and brought pretty much the same assets into the relationship)

    (a) We wanted to make a public declaration of our commitment in front of our families, friends and society (represented by the civil celebrant)

    (b) to provide the best legal basis for the children we went on to have. I didn't want to be an unwed father applying for guardianship of my own kids and still having feck all rights.

    Yes there was a nice day out and a white dress (for her) but no bloody chocolate fountains!

    I'm partial to your abracadabra
    I'm raptured by the joy of it all



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