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Tax News & Expert Insights
Stay informed with the latest tax updates, practical guides, and expert analysis from our team.
Family Partnerships: The smart way to transfer wealth with control
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
TaxKey
Oct 25 min read
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Catch up on key updates and featured articles created to keep you informed and ahead.
Understanding Offshore Funds: A Quick Guide
Offshore funds can be a smart way to diversify your investments, but they come with a set of complex tax rules that can be tricky to navigate. The legislation around them is difficult to follow, and with limited guidance available from Revenue, the risk of getting it wrong is higher than with other traditional investment options such as property or equity shares. Missteps - whether related to acquisitions, disposals (including deemed disposals), income or other transactions -
May 1, 2025
Relocating to Ireland: Tax Considerations You Need to Know Before You Go
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
Apr 1, 2025
Family Business Succession Planning: Why It’s More Crucial Than Ever
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.
Mar 3, 2025
Tax Efficient Hive-Outs
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
Jan 30, 2025
Tax Considerations for Growing Companies
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
Jan 7, 2025
Navigating VAT Pitfalls When Selling Commercial Property
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
Dec 9, 2024
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