TaxKey

Selling a commercial property involves more than agreeing a price. And VAT can significantly impact the final outcome. This guide breaks down when a sale is VATable, exempt, or qualifies for Transfer of Business Relief (TOBR), helping vendors plan ahead and avoid costly surprises.

Why Residence and Domicile Matter So Much in Ireland? An individual’s exposure to Irish tax on their income, capital gains, gifts, and inheritances is significantly influenced by three separate (and very different) concepts: Tax residence Ordinary residence Domicile Each concept plays a distinct role. Together, they define the scope of your Irish tax liability. Domicile: Your “Permanent Home” in the Eyes of the Law Unlike residence, domicile has no statutory definition in Irish law. It’s a...

For many Irish family businesses, succession is something that sits quietly on the “we’ll deal with it later” list. The business is busy, the next generation may or may not be ready, and tax feels like a problem for another day. But when succession planning is left too late, the cost – financially and emotionally – can be far higher than expected. From a tax perspective , succession is not just about who takes over, but how and when that transfer happens. Capital Gains Tax, Capital...