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