Most property investors in Ireland are leaving thousands of euros on the table.In this episode of Ask About Wealth, Paul sits down with Philip O’Connor, Managing Director of CA Partners, a specialist in capital allowances for property investors and businesses. Philip reveals how Irish taxpayers, individuals, landlords, and business owners are missing out on legitimate tax relief simply because they don’t know it exists or lack the right expertise to claim it. ✅ What capital allowances are and why they matter✅ Why most accountants don’t identify all the allowances you’re entitled to✅ How you can retroactively claim allowances for up to 4 years and get cash refunds from Revenue ✅ The kind of properties and expenses that qualify ✅ Two real client examples where missed claims turned into tens of thousands in savings00:00 Introduction to the Ask About Wealth Podcast00:29 Meet Philip O'Connor: Capital Allowances Specialist02:02 Understanding Capital Allowances02:26 Types of Capital Allowances04:15 Claiming Capital Allowances: Process and Benefits08:11 Missed Opportunities and Retroactive Claims13:32 Detailed Breakdown of Property Purchases22:41 Client Case Study: Rental Properties23:25 Analysing and Correcting Tax Claims24:22 Significant Tax Savings for Clients29:04 The Importance of Specialist Expertise36:31 The Role of Revenue in Tax Claims40:46 Encouraging Property Owners to Claim AllowancesIf you own an investment property, are developing or refurbishing a building, or have spent serious money on your business premises, you’re probably entitled to more tax relief than you think.This episode could put money back in your pocket.Join The Masterclass:https://askaboutwealth.ie/MasteringYourFinancesAsk About Wealth helps Ireland’s high earners preserve and grow wealth:https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.
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Should You Pay Off Your Mortgage Early or Invest The Money?
Should You Repay Your Mortgage Early? The Pros & Cons Explained.In this episode, we delve into the question of whether you should repay your mortgage early. With recent statistics showing substantial mortgage debt in Ireland, we examine the pros and cons of early repayment versus investing the money. Utilising real-life examples and detailed calculations, we compare the financial and emotional impacts of both strategies. From guaranteed returns and peace of mind to opportunity costs and investment returns, this comprehensive guide will help you make an informed decision based on your financial priorities and risk appetite.Join The Masterclass:https://askaboutwealth.ie/MasteringYourFinancesAsk About Wealth helps Ireland’s high earners preserve and grow wealth:https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.
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How to F.I.R.E - Financial Independence Retire Early
In this episode of Ask About Wealth, Paul tackles one of the most misunderstood yet life-changing ideas in finance: the FIRE movement, Financial Independence, Retire Early. With just 3% of Irish people believing they can retire by 55, Paul explores why the majority are stuck in the rat race and how you can break free.Learn how to calculate your financial freedom number, avoid the traps set by biased financial advice, and understand the real impact of tax and fees on your wealth. This episode offers a clear, actionable roadmap to becoming financially free, even if you’re starting late.Key Takeaways:The 5 essential questions you must answer to calculate your “freedom number”How tax and fees silently erode your wealth, and how to stop itWhy investing through a pension can double your return vs. doing it personallyHow starting early (like Alex) can shave 10+ years off your working lifeWhy most financial advice is biased, and what impartial advice really looks likeYou can use the Financial Freedom calculator here:https://askaboutwealth.ie/tools/financial-freedom-calculatorJoin The Masterclass:https://askaboutwealth.ie/MasteringYourFinancesAsk About Wealth helps Ireland’s high earners preserve and grow wealth:https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.
In this episode of Ask About Wealth, Paul sits down with Andrea McNamara, Director, Private Client Law at EY Ireland, to dissect the real-life pitfalls of inheritance planning in Ireland. From outdated wills to misunderstood tax implications.When and how wills can be legally challenged Common clauses that sound good but can cause major problems laterHow trusts and family partnerships can be powerful tools in legacy planningWhy high-net-worth families often need a more sophisticated structure than just a willIf you want to understand inheritance tax in Ireland, then this episode is essential listening.Join The Masterclass:https://askaboutwealth.ie/MasteringYourFinancesAsk About Wealth helps Ireland’s high earners preserve and grow wealth:https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.
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Lessons From Budapest: The Truth About Financial Advice
Using a cautionary tale from the Celtic Tiger days and hard-earned experience, Paul exposes how biased information leads to poor decisions, and why impartial guidance is rarer (and more valuable) than most people realise.Key Takeaways:The costly Budapest property story every investor should hearHow to tell if your financial advice is truly independentWhy even factually correct information can still misleadThe one rule Ireland’s wealthy follow, and you should tooIf you want to make smarter, more informed financial decisions, without getting sold to then this episode is essential listening.Join The Masterclass:https://askaboutwealth.ie/MasteringYourFinancesAsk About Wealth helps Ireland’s high earners preserve and grow wealth:https://linktr.ee/askaboutwealthJoin the Masterclass: Hosted on Acast. See acast.com/privacy for more information.
Ireland’s Financial Guide For High Earners. Subscribe to the Ask About Wealth podcast to stay up to date on what matters when it comes to turning your income into wealth and navigating the Irish financial system. Hosted on Acast. See acast.com/privacy for more information.
Ireland