Co-habiting couples and taxation in Ireland
In today's TechTalk we look at Co-habiting Couples and Taxation in Ireland. According to the Central Statistics Office (CSO), the number of couples co-habiting has been on the increase.
In today's TechTalk we look at Co-habiting Couples and Taxation in Ireland. According to the Central Statistics Office (CSO), the number of couples co-habiting has been on the increase. Of the 1.22 million families in Ireland (Census 2016), over 152,000 couples are counted as cohabiting which is an increase of 6% since 2011. The number of co-habiting couples with children in rental accommodation increased by 37.6% to almost 40,000 families.
From the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010 a cohabiting couple is defined as “one of two adults, who can either be of the same or opposite sex, who live together as a couple in an intimate and committed relationship and who are not related to each other.” When co-habiting couples wish to take out policies of Life Insurance, care needs to be taken to ensure that there is no potential liability to CAT.
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