The Covid-19 pandemic has resulted in the unusual spectre of the Government providing financial assistance to a large swathe of Irish businesses in order to keep their lights on. Whilst this period of Governmental generosity is viewed as an economic necessity, a large part of the cost of this financial assistance may ultimately have to […]
It is mandatory for taxpayers to include details of their residence, ordinary residence and domicile status as part of their personal details when filing their annual income tax return. The requirement to return domicile status was introduced in 2017. A taxpayer’s domicile can be a determining factor in whether an individual is liable to Irish […]
Amanda-Jayne Comyn has joined the team at Circulo Tax Advisors. Amanda is a Barrister-at-law and a Chartered Tax Advisor (CTA). She has extensive experience in the field of tax having worked in leading legal firms and large accountancy practices, mostly recently as a tax partner with Philip Lee and prior to that as tax director with Grant Thornton.
Mark and John write on the decision from the Tax Appeals Commission (TAC) on principal private residence relief. Of particular interest in this appeal is the quantum and sources of evidence provided by Revenue in support of its position and the analysis by the TAC in reaching its decision to deny the relief. The detail of […]
Tax Manager Circulo are an ambitious boutique tax practise providing innovative tax solutions and advise to clients. Due to our continued growth and future plans we are currently seeking a tax manager. This is an excellent opportunity for the right person to develop their career through expanding their technical knowledge and opportunities for promotion. Job […]
The Minister for Finance Paschal Donohoe delivered Budget 2018 on Tuesday 10 October. The key tax measures in Budget 2018 include the much publicised reductions in the tax burden for low and middle income earners and tweaks to other taxes, the big surprise was the 4 percent stamp duty increase on commercial transactions and the […]
Paula presented on the CGT entrepreneurs relief, retirement relief and the CAT dwelling house exemption for Chartered Accountants Ireland in September 2017. Her presentation is Entreprenuers relief for you to read. If you have any queries on Paula’s presentation please contact us.
Mark takes a look at entrepreneurs relief and recent enhancements to the relief designed to make it more attractive as an incentive to do business in Ireland. Following the reduction in the rate of Capital Gains Tax CGT for entrepreneurs relief (“the relief”) from 20 percent to 10 percent by Finance Act 2016, this […]
Dwelling House Relief from Capital Acquisitions Tax Finance Bill 2016 Proposed Committee Stage amendments Finance Bill 2016 proposed amendments at Committee Stage (published 4 November 2016) include changes to the current Capital Acquisitions Tax (CAT) exemption for gifts or inheritances of a dwelling house, these proposed changes will significantly impact the availability of the relief. In […]
This capital gains tax guide written by Mark Doyle, is the authoritative text on capital gains tax in Ireland. It examines in detail capital gains tax legislation, Irish and UK case law and Revenue practice. It offers guidance on practical difficulties encountered in everyday practice and contains numerous worked examples, and describes, where appropriate, steps that may […]
Tax implications of share buybacks4 January 2024 - 09:59Broadly, a company share buyback offers a mechanism whereby a shareholder can dispose of their shares in a company to the company itself for consideration, however, a company share buyback can generate unanticipated tax costs. Where a company buys back its shares for a price above the subscription price for the share any amount in […]
Business Asset Relief and Excess Cash22 September 2023 - 11:14In this article, Mark Doyle and Gearalt O’Neill discuss the impact of cash balances on a claim for CAT Business Asset Relief.
Private company valuation for tax purposes in Ireland18 July 2023 - 12:42Introduction The valuation of private companies for tax purposes holds significant importance within the Irish tax system. It plays a crucial role in accurately assessing the tax liability of shareholders in many different circumstances. Valuations undertaken for tax purposes must be guided by the relevant legislation for each tax head and often the valuation adopted […]
