Tax relief on qualifying health expenses

Edwin_Foley_&_Co_-_Q

Tax relief on the full cost of the "qualifying health expenses"

Since 2007 tax relief is available on "qualifying health expenses” as outlined below:

 

§  doctors' and consultants' fees;

§  diagnostic procedures carried out on the advice of a practitioner;

§  drugs or medicines prescribed by a doctor, dentist, or consultant;

§  maintenance or treatment in a hospital in connection with the services of a practitioner;

§  diagnostic procedures carried out on the advice of a practitioner;

§  supply, maintenance or repair of any medical, surgical, dental or nursing appliance used on the advice of a practitioner;

§  physiotherapy or similar treatment prescribed by a practitioner;

§  orthoptic or similar treatment prescribed by a practitioner;

§  speech and language therapy carried out by a Speech and Language Therapist for a qualifying person; a Speech and Language Therapist means an individual approved by the Minister for Health and Children and the claim must relate to a person under 18 year of age or if over 18 the individual must be receiving full-time instruction at any university, college, school or other educational establishment;

§  transport by ambulance;

§  educational psychological assessments for a qualifying person as outlined above for Speech and Language Therapist; an Educational Psychologist must be entered on a register maintained by the Minister for Education and Skills;

§  Certain items of expenditure in respect of a child suffering from aserious life threatening illness;

§  kidney patients’ expenses (up to a maximum amount depending onwhether the patient uses hospital dialysis, home dialysis or CAPD);

§  specialised dental treatment; and

§  'In vitro' fertilisation.

At which tax rate is the relief given?

Relief will be allowed at the standard rate of tax (20%) with the exception of nursing home expenditure which is allowable at the higher tax rate (40%), if applicable.

Claiming tax relief

Tax relief must be claimed within 4 years after the end of the tax year to which the claim relates; if you require assistance with making a claim, please contact a member of our professional Team on the following number: +353 74 912 2820 or email us at: mail@edwinfoley.com.

 

 Disclaimer information:

The information contained in this update may be subject to change and accordingly is not a substitute for professional advice or services, nor should it be used as a basis for any decision or action that may affect your finances or your business. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional advisor. This firm shall not be responsible for any loss whatsoever sustained by any person who relies on this update