Financial planning

Revenue defer repayment of debt warehousing until May 2024

Debt Warehousing timeline extended to May 2024, and 3% interest remains  Businesses with warehoused debt were due to enter into an arrangement with Revenue by year end, or May 2023 in limited cases. Given the current economic uncertainty, Revenue say they are now extending that timeline to May 1, 2024. This means that businesses will not …

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Act now for tax-efficient exit: CGT reliefs and business succession

Planning retirement or a business sale in the next 10 years? Capital Gains Tax in Ireland (CGT) is 33%. But advance planning can reduce it – or even eliminate it. Irish business owners should be building on their exit plan from day one but it’s never too late to start, as Paul O’Donovan explained at our recent …

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Tax efficient exits take time, so plan for change

For business owners considering change, long-term pension planning and strategic structuring is vital for a tax-efficient exit. At our recent online conference, “Getting Back to Business – planning for greener pastures”, a common theme emerged of business owners re-evaluating their options for the future. The pandemic and other pressures has made many Irish business owners …

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