Revenue have updated their list of Frequently Asked Questions on Civil Partnerships. To read the full publication click on the following limk
Some important points covered are
Registration of Civil Partnerships
A civil partnership must be registered for the tax benefits to apply
Civil partnerships only relate to partnerships between same-sex couples. Unmarried cohabitants of different sexes do not qualify. Civil partnership is not an alternative to marriage
Foreign Civil Partnerships
Partnerships registered in states listed as having equivalent legislation to Ireland will also be valid in Ireland. The Revenue leaflet gives a complete list of such states.
Joint assessment for Income Tax
Civil partners qualify for the joint assessment basis for Income Tax in the same way as married couples
If the partners dissolve the partnerships maintenance payments fro one partner to another are deductible for Income Tax by the paying partner.
The transfer of assets between civil partners is exempt from
- Capital Gains Tax
- Capital Acquisitions Tax
Children of Civil Partners
Children of civil partners qualify for the Class A threshold of €250,000 for CAT
You may contact us for help on tax matters on email@example.com.
Phone us on 00353 (0) 1 7759421