As businesses work their way through the current economic malaise they are assessing their long term future and addressing issues that are likely to present trading difficulties. One such difficulty can often be an onerous lease entered into at a time when rents were high and commercial space at a premium. The solution for a business in such circumstance can often be the surrender of the lease […]
Whether it be in the context of succession planning, a disgruntled shareholder or a marriage break-up the ability of a company to buyback its own shares is a useful mechanism for Irish businesses. Broadly, any repayment over and above the amount which the company received for a subscription of shares is treated as a distribution and subject to income […]
The tax position of an investor can vary significantly depending on the particular way in which assets are held. The differential between the rates of income tax, corporation tax and CGT means that the choice of vehicle to hold the asset is important. There are also a number of reliefs from tax such as the participation exemption that […]
Economic uncertainty and changes to tax laws have altered the thinking of many tax advisors. Some structures used in the past are now defunct and new considerations have to be taken into account when advising clients, as Mark Doyle explains. With many individuals having experienced dramatic changes in their financial situation as a result of the global financial crisis, there are […]
It is not uncommon for an advisor to be faced with a client with significant personal debt issues. Often the debt was drawn down to finance investments in property at home or abroad. These investments were made during a rising property market and often without consideration as to how the debt would eventually be repaid absent a sale of […]
Mark Doyle takes a look at the current business environment and points out why it’s not all doom and gloom. The Irish business community is feeling the effects of the recession. Asset values have fallen significantly and cash-flow is the overriding concern. It is not all doom and gloom however. This may be the perfect opportunity to step back for […]
Retirement Relief – Here Today Gone Tomorrow? Mark Doyle gives a high level outline of the main retirement relief provisions and some planning & pitfall points to note. There has been much speculation in recent times about the future of many of the tax reliefs currently provided for in the tax legislation. This speculation has been sparked by the Minister […]
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Click here to read original article Cash in on woodland tax relief incentives Managing forestry so that you maximise the benefits There are certain tax incentives in place where the managing of forestry or woodlands is carried out on a commercial basis, namely an income tax exemption on profits arising from forestry operations, a capital […]
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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 […]
