Restructuring of Onerous Lease Arrangements

Traditionally, Irish investors have acquired and held commercial property personally, rather than through companies. This has included cases where the investment property is used in a trade carried on by the investor’s private company. Typically in such cases the property …

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Budget 2013 – The Tax Changes.

Budget 2013 measures were widely leaked in the past week, and the Minister’s announcements contained few surprises. This brief update focuses on the tax changes and indicators for future tax policy, as they affect Irish family and entrepreneur led businesses, …

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Finance Bill 2012 – The Tax Changes

The Finance Bill 2012 was published on 8 February 2012. The Bill contains 279 pages of draft tax legislation to implement Budget 2012 measures announced in December last. The measures introduced reflect government stated policy to incentivise investment in Irish …

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Finance Act 2011 – Personal Tax

The Memorandum of Economic and Financial Policies agreed between Ireland and the IMF in December 2010 provided for an ‘income tax-led revenue package – sized at over €2 billion in a full year’. Tax changes introduced in Finance Act 2011 …

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Family Business – What Next?

Many families have built successful trading companies that are well placed to continue to operate profitably into the future. For founder shareholders the passing of the business to the next generation in a sensible and well ordered manner is a …

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