Capital Gains Tax

Irish Capital Gains Tax is paid on the disposal of assets by gift or sale and can arise on a wide range of transactions from appointments out of trusts to corporate re-organisations. The rate of CGT and the due dates for paying taxes have changed frequently in recent years.

HLB Ryan has extensive experience in dealing with CGT issues. We can assist with the CGT implications of estate transactions, trusts, the break-up of settlements and re-organisations, and advise on the purchase and disposal of investment and business assets. HLB Ryan can advise on when CGT payments fall due, calculate the CGT that should be paid, and consider whether there is scope to reduce or defer CGT by claiming reliefs.

In particular, our team advises on how to best maximise the allowances, reliefs, and exemptions available - and therefore minimise any liability arising. Some of these reliefs may apply:
• Annual small gains exemption
• Relief for capital losses
• Negligible value claim
• Principal private residence relief
• Retirement relief
• Transfer of a site to a child 

We have extensive experience in company re-organisations having worked on a myriad of projects ranging from assisting on the migration of tax residence of large multinational companies to the separation and protection of assets in small indigenous Irish businesses.

Helping you make the most out of your tax responsibilities

Businesses with international plans and operations need to be fully informed of their tax duties. They need tax professionals who can provide a combination of local attention and global capabilities. HLB’s global team of tax professionals can provide you with the necessary proactive advice and support. We work together to plan for and provide a wide range of opportunities for both inbound and outbound businesses and corporations. We understand that global businesses are not run out of one single location. We provide a full range of tax services for those whose talent mobility strategy requires the relocation of individuals to other tax jurisdictions. We know that international tax planning takes many forms, just like every business is unique. Our team of experienced tax professionals takes the time to understand your unique tax position and tailors services to fit your needs.

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