Capital expenditure relief is available to farmers in various forms, from allowances on plant and machinery, milk quotas and farm pollution control measures to farm buildings. Farm Buildings Allowances Farmers may claim a farm buildings allowance for capital expenditure incurred on the construction of farm buildings. The farm buildings allowance is calculated on a straight […]
Click here to read original article The tax treatment of Case I, Case II, Case V, and capital losses are areas that will require the attention of many accountants in the coming months as the income tax filing deadline approaches. This review does not deal with the tax treatment of specified reliefs as they only […]
Click here to read original article It is full steam ahead for the Irish recession. Asset values have fallen significantly with no immediate prospects for recovery; cash is tight; and many businesses are beginning to feel the pinch. Every cloud has a silver lining and this is the perfect opportunity to take stock of your tax […]
This book, written by Mark Doyle and published by Charted Accountants Ireland 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 […]
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 […]
