The Blog

18 Jul

SUSI Grant

Hi James, My daughter is currently awaiting her leaving certificate results and needs to apply for a higher education grant. I have a vague idea of where to apply for the grant but I don’t know on what year income the application will be based. Can you shed some light on the process? Firstly, best

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10 Jul

Reliefs available for transfer of business to Children

James, I was considering transferring my business to my children in the near future but I am concerned that they will have a large tax bill to pay on same. Are there any reliefs available? The most significant relief in this area would be Business Property Relief. Current legislation allows for relief from Capital Acquisitions

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15 Jun

I was considering transferring my business to my children but am concerned as to the tax that would be payable by them on the “gift” received by them. Are there any reliefs available?

Current legislation allows for relief from Capital Acquisitions tax, CAT, for business property acquired by gift or inheritance provided certain conditions are met. This relief is known as Business relief. Under Business relief, the taxable value of the gift or inheritance is reduced by 90% and CAT is payable on the balance i.e. the taxable

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