For a private company limited by shares in Ireland (an “LTD”), the acquisition of its own shares is governed by the Companies Act 2014. There are various reasons why a company might wish to acquire its own shares. For example, in circumstances of conflict and otherwise, it can provide a secure and mutually beneficial exit route for members of the company. The following are 5 important points to note about buybacks and redemptions for LTD companies in Ireland.Read More
Pearse Trust Blog
In our previous blog we introduced Inheritance Tax (IHT), the nil rate band and how property can be effectively transferred out of an individuals estate.
In this blog we will focus on exempt gifts, gifts which do not result in an IHT charge even when given within 7 years of the gift giver’s death. Please note that the below is relevant in relation to gifts given directly to individuals and not via a trustRead More
Given President Donald Trump’s withering criticism of the Trans-Pacific Partnership (TPP) free trade agreement during the US presidential election campaign – calling the TPP the worst deal he had ever laid eyes on – it was not entirely unexpected that his first executive order was to withdraw the US from the agreement.
But the TPP is seemingly not dead yet.Read More
In general, Inheritance Tax (IHT) is a tax paid on a person's estate (property, money and possessions) when they die. However, it should be noted that IHT can be applied to any transfers completed in the seven years before a person’s death and can also be due when a person transfers assets into a trust.Read More
In February 2016, the Organization for Economic Cooperation and Development (OECD) announced the launch of a new framework that would allow the widest possible participation by countries in its base erosion and profit shifting (BEPS) work. Known as the BEPS Inclusive Framework, more than 100 countries and territories are now involvedRead More
Irish Value Added Tax (“VAT”) is an indirect tax on consumer spending. Irish VAT is charged when a taxable person supplies goods or services. There are a number of Irish VAT rates with the standard rate being 23%.Read More
A free trade agreement has been proposed between New Zealand and Mexico following the break down of a larger group agreement known as the TPPA. This Agreement is only at the proposal stages, however should it go forward what would the benefits be and what is a free trade agreement?Read More
For those establishing a trust, one of the first things to consider is who to appoint as trustee. Some might consider a trusted advisor or a professional trust and services company, others might consider establishing a private trust company (PTC). This article will discuss PTCs.Read More
A UK based trader must register when their taxable supplies exceed the threshold, or know that they will. The threshold is based on the traders VAT taxable turnover which is the total of all sales that are not VAT exempt.Read More
UK Companies and LLPs can benefit from the ease in which certain documentation can be filed online with Companies House.
Whilst Companies House continues to accept paper document filings, a large number of statutory actions can be made by way of filing online.Read More