Askaboutmoney.com - the Irish consumer forum

Hello is it worth appealing an Income Protection denial to the ombudsman and what is waiting time approx?Thank you.

Asking for a friend.

The situation is this.

Grown adult son is on disability allowance from the state for a chronic illness leaving him largely incapacitated. Physically mobile, but unable to hold down a job.

The adult son is living in a property purchased by his parents, but in an unfavourable neighbourhood, and definitely not one conducive to it ever...

Age:
50
Spouse’s/Partner's age:
52

Annual gross income from employment or profession:
E137,000

Annual gross income spouse:
E40,000

Type of employment:
Public sector (higher income) ;
private sector but very secure (lower income)

Expenditure pattern:
We are both careful ...

Mr X is self-employed and earns €100k a year. He pays 50% tax on profits over about €48k

I presume that the good will of the business is a qualifying asset for Retirement Relief purposes?

He sets up X Ltd which buys his business for €300k. Mr X pays no CGT as he gets Retirement Relief as he is over 55.

After the transaction X Ltd owes Mr X €300k
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Hello all, first time poster here. I posted about this on Reddit and people suggested this was a great resource for this kind of thing so here I am. Any advice would be greatly appreciated. Apologies for the length of the message but I want to give sufficient detail.

In mid-2021 I invested in a social housing investment vehicle, the name of which I won't mention. This w...