Shareholders of successful private companies usually have the majority of their overall wealth tied up with the business through their operating company. Often, there is a very small percentage of their assets held personally or available for personal use/lifestyle. We …
Restructuring of Onerous Lease Arrangements
Traditionally, Irish investors have acquired and held commercial property personally, rather than through companies. This has included cases where the investment property is used in a trade carried on by the investor’s private company. Typically in such cases the property …
Budget 2013 – The Tax Changes.
Budget 2013 measures were widely leaked in the past week, and the Minister’s announcements contained few surprises. This brief update focuses on the tax changes and indicators for future tax policy, as they affect Irish family and entrepreneur led businesses, …
Finance Bill 2012 – The Tax Changes
The Finance Bill 2012 was published on 8 February 2012. The Bill contains 279 pages of draft tax legislation to implement Budget 2012 measures announced in December last. The measures introduced reflect government stated policy to incentivise investment in Irish …
Pension Funding for Directors – Should I keep going?
Many Directors of family owned companies are presently questioning the merit of continuing pension funding. Small self administered schemes which were set up in the past ten years, and received large cash contributions out of their company profits over the …