Faughnan Financial Services

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Faughnan Financial Services We are an established family-run, trusted, accountancy practice, based in Letterkenny and Buncrana, Co. Donegal.

We pride ourselves in providing a professional service

My outstanding balance is about €59,000, do I really still need mortgage protection?
29/09/2026

My outstanding balance is about €59,000, do I really still need mortgage protection?

Mortgage protection is designed to pay off any outstanding balance on your home loan should you die

I’m transferring a €600,000 house to my two sons: How will tax be calculated?
24/09/2026

I’m transferring a €600,000 house to my two sons: How will tax be calculated?

Will work done by a tenant be included when calculating any tax bill?

Taxed twice on shares I inherited from my father.
21/09/2026

Taxed twice on shares I inherited from my father.

You seem to have got caught by the different ways in which inheritance tax and capital gains tax operate

Can we choose which of our two properties is exempt from capital gains tax?https://www.irishtimes.com/your-money/2026/07...
18/09/2026

Can we choose which of our two properties is exempt from capital gains tax?

https://www.irishtimes.com/your-money/2026/07/07/can-we-choose-which-of-our-two-properties-is-exempt-from-capital-gains-tax/?utm_source=Facebook&utm_campaign=Facebook_Image&fbclid=IwY2xjawUaFU5wZG9mBWV4dG4DYWVtAjEwAGJyaWQRMWMxT1U4cTZkQmcxUG4xQzNzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEeyBYKWaMYwdB5ST1_qvCuaugdza8Z5bftTqNTF8QE6VQF9LTKV9XQz0Kh_Js_aem_g96gc1Dzj-aKqKTuu17WGA

Couple has owned and lived in two separate properties as their family home at different times over a number of years

We want to lend our daughter €350,000 to buy a home – what do we need to know?https://www.irishtimes.com/your-money/2026...
04/09/2026

We want to lend our daughter €350,000 to buy a home – what do we need to know?

https://www.irishtimes.com/your-money/2026/09/03/we-want-to-lend-our-daughter-350000-to-buy-a-home-what-do-we-need-to-know/?utm_source=Facebook&utm_campaign=Facebook_Image&fbclid=IwY2xjawUHSS1wZG9mAWV4dG4DYWVtAjEwAGJyaWQRMThRdW9OcUh2SjhqbE5yTzJzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEe_YS1jIPZNsL8my3B00CJqXdkGVJLMl_H6Q9DxqERoXFjkirX_ZmHEh81ozM_aem_Vi-8FCi_3FsdG6ZfbVI7ug

Both parties need to be very clear on the precise terms of the transaction which can have tax implications

‘Shares I bought have done very well but should I sell or leave them to my sons?’
16/08/2026

‘Shares I bought have done very well but should I sell or leave them to my sons?’

Selling the shares now will leave you with a tax bill but leaving them to your children also carries risks

Income tax cuts, energy, childcare: Here’s what we know so far about Budget 2027.
17/07/2026

Income tax cuts, energy, childcare: Here’s what we know so far about Budget 2027.

What we know so far about the budget and its impact on your pocket

The greatest gift to leave your family? A lump sum to pay off inheritance tax.
07/07/2026

The greatest gift to leave your family? A lump sum to pay off inheritance tax.

People who have substantial assets can take out policies designed to meet any tax bills

Online shopping is about to become a lot trickier for Irish customers.
26/06/2026

Online shopping is about to become a lot trickier for Irish customers.

From Wednesday, any goods you order that are coming from outside the EU will carry a €3 customs duty charge - and that might just be the start of it

‘I am witness to a will and worried something could spark dispute. Do I get involved?’
13/06/2026

‘I am witness to a will and worried something could spark dispute. Do I get involved?’

Any confusion in how a will is drafted is not a concern for a witness; they are simply witnessing the testator’s signature

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Letterkenny And Buncrana
Buncrana

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