Taxbytes for Expats

Stephanie Wickham, ExpatTaxes.ie
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Taxbytes for Expats

Are you an expat who is confused by the Irish tax system? Maybe you are planning a move to or from Ireland and want to understand how to navigate the complex tax issues that arise? Taxbytes for Expats is the show that explains in simple terms the dos and don'ts of Irish taxes for expats.

  1. Claim more Tax Credits on your Irish Tax Return (SUMMER REPLAY)

    3 DAYS AGO

    Claim more Tax Credits on your Irish Tax Return (SUMMER REPLAY)

    Hey everyone, Stephanie Wickham here again, diving into the world of tax credits in Ireland. If you're an Irish taxpayer, this one's for you! Even if you're a PAYE employee and don't need to file a tax return, there may be some tax credits you're missing out on that could put a bit of extra cash back in your pocket. We'll chat about the different types of credits available, like the health insurance tax credit if your employer provides your cover, and the home carer tax credit for married couples with a stay-at-home parent. I'll also remind you to hang onto those medical expense and non-routine dental receipts to claim some tax back. Main Topics discussed in the episode Tax credits often missed or overlooked for Irish taxpayersHealth insurance tax credit: when an employer provides health insurance as a benefit, and the employee pays tax on that benefit.Home carer tax credit - available in situations where one spouse is a stay-at-home parent and the couple is jointly assessed.Joint assessment for married couples - the advantages and considerations when deciding to be jointly or separately assessed.Other common tax credits and deductions - medical expenses, non-routine dental expenses, and remote working expenses. Disclaimer: The information provided in this podcast is for general informational purposes only and should not be construed as legal or tax advice. Always consult with a qualified tax advisor or accountant regarding your specific situation. The hosts and guests of this podcast disclaim any liability for actions taken based on the information discussed. ***** If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify. Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/. Mentioned in this episode: Special Offer from our Trusted Partner, Currencies Direct This episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to or from Ireland. Use the link below and quote "Expat Taxes" when registering with Currencies Direct to receive a €50 One4All or Amazon voucher when you transfer €5000 or more in your first six months with Currencies Direct. Click here for Currencies Direct Special Offer

    16 min
  2. Topping Up your UK State Pension Before It's Too Late! with Mel Morgan

    17 SEPT

    Topping Up your UK State Pension Before It's Too Late! with Mel Morgan

    In this episode of Tax Bytes for Expats, I had the pleasure of speaking with Mel Morgan from UKStatePensionAbroad.com. Mel and his wife, Martha, specialize in helping people maximize their UK state pension benefits as appointed agents of HM Revenue and Customs, even if they’ve left the UK years ago. We discuss how those with previous employment in the UK can top up their pension contributions and potentially boost their retirement income by thousands per year. Mel walks us through the simple but crucial process of determining eligibility, applying for back payments, and making sure everything is optimized to ensure the best outcome. This episode is a must-listen for anyone who’s worked in the UK and wants to understand how they can benefit from the UK’s state pension system, even if they’re living abroad. Whether you’ve spent just a few years in the UK or worked there long ago, there’s still time to act and secure this valuable pension opportunity. What is discussed in this episode: UK State Pension Eligibility: You need at least three consecutive years of employment in the UK to qualify for a UK state pension, regardless of how long ago you worked there.Class 2 vs. Class 3 Contributions: Most people can buy back years at the more affordable Class 2 rate, costing around £165 per year. Failing that, Class 3 contributions are still a great investment, albeit at a higher rate.Double Pension Benefits: You can receive both UK and Irish state pensions for the same years worked, as they are treated separately, similar to additional voluntary contributions (AVCs).Time Sensitivity of Applications: The window to top up your UK pension contributions closes on 5 April 2025 (with caveats) but Mel's team may stop accepting applications by November 2024 to manage demand, so submit your request quickly!Seek Expert Advice: Working with an expert like Mel can ensure your application is optimized for success, helping you avoid costly mistakes and navigate the complexities of dealing with UK Revenue and HMRC. Contact Mel Morgan: Email: info@ukstatepensionabroad.com Website: https://ukstatepensionabroad.com/ ***** If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify. Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/. Mentioned in this episode: Special Offer from our Trusted Partner, Currencies Direct This episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to or from Ireland. Use the link below and quote "Expat Taxes" when registering with Currencies Direct to receive a €50 One4All or Amazon voucher when you transfer €5000 or more in your first six months...

    21 min
  3. Tax Domicile: What it means and why it matters (SUMMER REPLAY)

    3 SEPT

    Tax Domicile: What it means and why it matters (SUMMER REPLAY)

    Hey everyone, Stephanie Wickham here with another episode of TaxBytes for Expats. In this week's replay, we're diving into the important topic of tax domicile from an Irish perspective. Now, your tax domicile is a key factor in determining your exposure to Irish taxes, especially for those of you moving to Ireland from abroad. We'll run through the different types of domicile, how to determine yours, and what it means for your tax situation. I know it can seem a bit complicated, but don't worry - we'll break it down in plain English so it's easy to wrap your head around. Whether you've got an Irish domicile of origin or you're looking to understand what a domicile of choice means for you, this episode will point you in the right direction. Main Topics discussed in this episode: Definition and overview of tax domicile from an Irish perspectiveTypes of domicile: domicile of origin, domicile of choice, and domicile of dependenceAcquiring a domicile of choice and the burden of proof on the taxpayerThe importance of determining domicile for Irish tax exposure, particularly for foreign income and gainsThe remittance basis of tax for non-Irish domiciled individuals who are Irish tax residents Disclaimer: The information provided in this podcast is for general informational purposes only and should not be construed as legal or tax advice. Always consult with a qualified tax advisor or accountant regarding your specific situation. The hosts and guests of this podcast disclaim any liability for actions taken based on the information discussed. ***** If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify. Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/. Mentioned in this episode: Special Offer from our Trusted Partner, Currencies Direct This episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to or from Ireland. Use the link below and quote "Expat Taxes" when registering with Currencies Direct to receive a €50 One4All or Amazon voucher when you transfer €5000 or more in your first six months with Currencies Direct. Click here for Currencies Direct Special Offer

    16 min
  4. Top 5 Tax Tips If You're Moving To Ireland

    20 AUG

    Top 5 Tax Tips If You're Moving To Ireland

    We've all been there - as expats, we have questions about what we need to know to pay taxes in a new country, and the last thing we want is to find conflicting information on the Internet! Well, worry no longer! In this episode I'm diving into the top five tax tips you need to know if you're planning a move to Ireland. Whether you're returning home or relocating for the first time, understanding the tax landscape can save you time, money, and stress. I'll cover everything from residency status to navigating Ireland's tax system. If you're thinking about your move or getting ready to manage your finances, this episode will be a great start for you! Topics covered in this episode Understanding Tax Residency Status: learn the Irish tax residency test and why you need to know your home country's residence rules.Hiring Tax Return Preparers in Both Countries: The value of having tax advisors in both your current country and Ireland.Knowing Your Tax Domicile: The significance of tax domicile and the remittance basis in Ireland.Understanding the Irish Tax System: Key points about the Irish tax year and filing deadlines.Navigating Revenue’s Online System: Tips for using Revenue’s online services, including ROS and MyAccount. ***** If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify. Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/. Mentioned in this episode: Special Offer from our Trusted Partner, Currencies Direct This episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to or from Ireland. Use the link below and quote "Expat Taxes" when registering with Currencies Direct to receive a €50 One4All or Amazon voucher when you transfer €5000 or more in your first six months with Currencies Direct. Click here for Currencies Direct Special Offer

    13 min
  5. Retiring to Ireland: Your Guide to Irish Taxation as a Retiree

    6 AUG

    Retiring to Ireland: Your Guide to Irish Taxation as a Retiree

    I'm on my own this week to provide some guidance around retiring to Ireland as an expat and delve into the considerations for taxation, whether you're an Irish native returning home or someone who's chosen Ireland as their new home. While paying taxes is the last thing you want to think about before retirement, some of the decisions you make can have a significant impact on your lifestyle and the way you navigate the Irish tax system. We'll explore some example scenarios, like moving from the US to Ireland, to illustrate how your income, including pensions and rental income, will be taxed. Plus, I'll share practical tips on handling what I call "life admin" for taxes, such as registering for tax, understanding your entitlements, and the importance of planning for the future with an Irish will. As always, what I talk about in these episodes is for your information and not to be taken as direct tax advice for your situation - please seek a tax professional to give you advice, or get in touch with us at ExpatTaxes.ie to help you! Main Topics discussed in this Episode:Introduction to Retiring in Ireland: common queries from retirees moving to Ireland.Irish Tax Residency Rules: determining tax residency based on days spent in Ireland.Taxation of Worldwide Income: explanation of how Ireland taxes worldwide income for tax residents.Understanding Double Tax Agreements: navigating tax treaties, particularly between Ireland and the US & claiming tax credits for foreign taxes paid.Non-Tax Considerations for Retirees: social insurance contributions & Drug Payment Scheme.Estate Planning and Inheritance Tax: Importance of having an Irish will & tax implications for foreign assets and inheritances.Professional Support and Consultation: seek professional advice for personalized tax planning. ***** If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify. Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/. Mentioned in this episode: Special Offer from our Trusted Partner, Currencies Direct This episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to or from Ireland. Use the link below and quote "Expat Taxes" when registering with Currencies Direct to receive a €50 One4All or Amazon voucher when you transfer €5000 or more in your first six months with Currencies Direct. Click here for Currencies Direct Special Offer

    19 min
  6. "Where to live to avoid taxes. And, how to use CRM to make your business sooo much more profitable" - Feed Drop from That Great Business Show

    16 JUL

    "Where to live to avoid taxes. And, how to use CRM to make your business sooo much more profitable" - Feed Drop from That Great Business Show

    Hello everyone! This week we've got a special episode for you. On the first of February, I was a featured guest on That Great Business Show with Conall Ó Móráin - a podcast where Conall interviews Irish entrepreneurs and business owners to share their stories and business tips. Conall is a staple in business podcasts for Ireland, and he was kind enough to let us share the episode with you on Taxbytes For Expats. I share some Irish tax tips including information about various locations you can work tax efficiently from. I was also joined by my good friend and fellow business owner, Natalie Garland Cooke who helps businesses with Customer Relationship Management Systems (or CRMs) and offers training to get the most out of it. All the contact details for Conall and Natalie will be in the show notes, as well as the link to subscribe to That Great Business Show if you like what you hear! Enjoy! Conall Ó Móráin LinkedIn: https://www.linkedin.com/in/conallomorain/ Podcast Website: https://www.thatgreatbusinessshow.com/ Subscribe to That Great Business Show: Apple Podcasts || Spotify || RSS Natalie Garland-Cooke LinkedIn: https://www.linkedin.com/in/natalie-garland-cooke-2880b928/ Website: https://ncco.ie/ ***** If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify. Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.

    42 min
  7. Emotionally Preparing for A New Dawn in Ireland with James Parnell

    2 JUL

    Emotionally Preparing for A New Dawn in Ireland with James Parnell

    While we usually dive deep into the intricacies of taxes in Ireland, today's episode takes a slightly different turn. The emotional and psychological aspects of moving back to Ireland are often a second thought behind the logistics and planning of getting back. Prioritising and planning for the emotional is where James Parnell can help. James is a life coach who specializes in the neuroscience of performance and is an adventure enthusiast. James spent 16 years in Sydney before returning to Dublin and has since become a voice for many returning expats through his articles in The Irish Times and appearances on various Irish media. He's also the author of "A New Dawn in Ireland," where he shares his personal journey and the broader impacts of relocating back to Ireland. In this episode, we discuss not just the logistics but the emotional roller coaster that accompanies the decision to move back home. Whether you're contemplating a move or in the midst of one, James's insights into managing expectations and emotions are invaluable. Main Topics discussed in this episode: The emotional challenges and rewards of returning to Ireland after an extended period abroad.Practical advice for those considering a move back home, focusing on mental and emotional preparation.Insights into how changing environments can impact personal and family dynamics.Strategies to help make the transition smoother and more fulfilling. See James Parnell's Work LinkedIn: https://www.linkedin.com/in/jameseparnell/?originalSubdomain=ie Buy the book: https://anewdawninireland.com/clients/thebook/sale/ The Wellbeing Gym: https://thewellbeinggym.com/ ***** If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify. Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/. Mentioned in this episode: Special Offer from our Trusted Partner, Currencies Direct This episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to or from Ireland. Use the link below and quote "Expat Taxes" when registering with Currencies Direct to receive a €50 One4All or Amazon voucher when you transfer €5000 or more in your first six months with Currencies Direct. Click here for Currencies Direct Special Offer

    41 min
  8. Moving to Cyprus: the Tax & Lifestyle Benefits with Charles Savva

    18 JUN

    Moving to Cyprus: the Tax & Lifestyle Benefits with Charles Savva

    You might consider Cyprus a lovely place for a holiday, but there's much more that it offers residents in terms of tax benefits. If you've ever thought of relocating to Cyprus, my conversation with Charles Savva of Sava and Associates is a must-listen. In this episode, we hear about the attractive tax regime of Cyprus with Charles. We delve into Cyprus's non-domicile scheme which offers significant tax advantages for expats, including a 17-year tax holiday on certain types of income. Charles, a seasoned tax professional with a rich background in Canadian and Cypriot tax law, also shares his personal journey of making Cyprus his new home. Whether you're a high net-worth individual looking for tax benefits or dreaming of Mediterranean living, this episode gives guidance and important tips on navigating Cyprus's tax system and how to make the most of the lifestyle available there. Main Topics Discussed: Overview of Cyprus's Tax RegimeCharles Savva's background, moving from Canada to Cyprus as a Tax AdvisorThe tax benefits of relocating to CyprusThe main considerations before moving to Cyprus Get in touch with Charles: Savva & Associates Website: https://www.savvacyprus.com/ Charles' Linkedin: https://www.linkedin.com/in/charles-savva-3b879042/ ***** If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify. Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/. Mentioned in this episode: Special Offer from our Trusted Partner, Currencies Direct This episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to or from Ireland. Use the link below and quote "Expat Taxes" when registering with Currencies Direct to receive a €50 One4All or Amazon voucher when you transfer €5000 or more in your first six months with Currencies Direct. Click here for Currencies Direct Special Offer

    29 min
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About

Are you an expat who is confused by the Irish tax system? Maybe you are planning a move to or from Ireland and want to understand how to navigate the complex tax issues that arise? Taxbytes for Expats is the show that explains in simple terms the dos and don'ts of Irish taxes for expats.

Information

  • Creator
    Stephanie Wickham, ExpatTaxes.ie
  • Years Active
    2022 - 2024
  • Episodes
    39
  • Rating
    Clean
  • Copyright
    © Copyright 2024 Stephanie Wickham, ExpatTaxes.ie
  • Show Website
    Taxbytes for Expats

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