So, you’re thinking of moving to the Emerald Isle? Whether for work, lifestyle, or retirement, it’s essential to understand the tax implications of becoming an Irish resident. Ireland offers a favourable tax environment, but navigating the rules on tax residency, income, and gains requires a closer look. So, before you pack your bags, it’s essential to understand how your move will impact your wallet. Here’s a rundown of what you need to know. Understanding Irish Tax Residenc

For most business owners, their business is their most valuable asset. Eventually, the question arises: when is the right time to step away and pass it on to the next generation? Business succession is complex and requires careful planning. Without a solid plan, business owners may face costly tax implications down the line - especially in an inflationary environment where business values are rising. Planning ahead can help mitigate those costs and ensure a smooth transition.

Unlocking Growth Through Tax-Efficient Company Restructuring As businesses grow and evolve, it’s not uncommon for multiple businesses to operate under the umbrella of a single company. Over time, the need to separate these businesses into distinct entities can arise. Whether it’s to attract external investment, facilitate succession planning, prepare for a future sale, or minimize risk exposure, business hive-outs offer a tax-efficient way to achieve these objectives. This ar

We are always excited about working with Irish SMEs that are experiencing significant growth and are looking to expand their operations overseas. In this month’s blog, we discuss some of the tax considerations that often arise for these enterprises. Corporate Structure As businesses expand their operations and venture into new geographic or product markets, there are often compelling commercial reasons to consider operating through more than one company. In most cases, this i

Selling commercial property can be a complex process, especially when it comes to understanding and managing Value-Added Tax (VAT) implications. It is crucial that property sellers, together with their advisors, are aware of the potential VAT pitfalls to ensure compliance and avoid unexpected liabilities. The VAT treatment of a property sale and potential related costs should be considered early in the sale process. This article highlights key VAT considerations when selling

Tax Relief on the Gift or Inheritance of a Business Capital Acquisitions Tax (CAT) is an Irish tax that is levied on individuals who receive gifts and inheritances. This tax is charged on the value of the property acquired by the beneficiary above certain tax-free thresholds. Tax-Free Thresholds The amount of CAT payable by a beneficiary of a gift or inheritance depends on their relationship with the donor (or deceased). There are three tax-free thresholds, known as Group thr