The Research & Development (R&D) Tax Credit is one of Ireland’s top incentives to encourage and support innovation. It allows companies to claim a generous tax credit on qualifying R&D expenditures, effectively reducing their tax bill or even yielding cash refunds. In this post, we’ll briefly explain how the R&D credit works and highlight the new improvements announced in the latest Budget. These changes – including a higher credit rate and enhanced cash refund – make the reg

In today’s Ireland, high net worth families are asking a big question, how do we pass wealth to the next generation without losing control, triggering unnecessary taxes, or creating family disputes? For many, the answer lies in family partnerships, a structure that is gaining serious momentum as an alternative to trusts and outright gifts. If you are a business owner, property investor, or simply planning ahead for your family’s financial future, here is why this structure de

When it comes to Capital Acquisitions Tax (CAT), many people assume that figuring out when you get an inheritance is straightforward. The person passes, the asset transfers, and inheritance tax is payable. Not quite. Welcome to the complex world of valuation dates, where nothing is ever as simple as the date on the will or the cheque in the post. And no, the grant of probate, contrary to popular belief, is not always the valuation date. Let’s unpack it. What is the Valuation

If you are in construction, property development, or even involved in forestry or meat processing, you have probably come across the term RCT, Relevant Contracts Tax. But understanding what it actually means, and when it applies, is where most people fall short. And that is where the trouble starts. Many businesses unknowingly drift into RCT obligations. Others assume it does not apply to them because they “do not work in construction.” But here is the truth: if you are a p

Introduction The movement of individuals between jurisdictions often presents complex tax considerations, particularly when it comes to the management of cross-border savings and investment products. Individual savings accounts (ISAs) are a popular tax-advantaged savings vehicle in the UK, but their treatment under Irish tax law differs significantly. This article explores the key Irish tax implications for !SA-holding individuals returning to Ireland from the UK. Overview of

How one overlooked detail can lead to a potential VAT nightmare and how you can avoid the same fate. Navigating the complexities of VAT legislation can be a minefield so let’s start with a real-life example to illustrate just how costly a misstep can be. Picture this. You are a landlord. It is 2014. You have just secured a solid commercial tenant. The lease is signed. It includes a clause saying the tenant will pay “any Value Added Tax which may arise.” You dutifully charge V