Capital Gains Tax (CGT) 2018-05-31T10:42:15+00:00

Capital Gains Tax (CGT)

capital gains tax ireland advice

V. Mullen & Co have considerable experience with the various issues that can arise in connection with CGT with a view to minimising the tax exposure of our clients and ensuring they remain tax compliant.

  • Exemptions, reliefs and allowances, including Principal Private Residence Relief; Site transfer to children for construction of residence; etc.
  • Transfer of a business to a company – the Incorporation of the business; after a time of trading as a sole trader, it may be beneficial to consider moving the existing business into a Limited Company. This can lead to significant tax savings annually when high effective composite tax rates of up to 55% for individuals are compared with Corporation Tax rates of 12.5% for most trading activities.
  • Acquisition by a company of its own shares to facilitate the retirement or exit of a shareholder.
  • Disposal of Businesses including Retirement Relief and Entrepreneur Relief.
  • Corporate Reorganisations.
  • Computation of gains/losses arising on disposal of property, shares, investments and other assets.
  • Efficient use of capital losses and consideration of the restrictions that can apply when transactions occur between connected parties.
  • Clearance Certificates.
  • Dealing with Revenue in cases where taxpayers are selected for audit.
  • CGT implications for Trusts, Estates and Settlements.
  • Cryptocurrencies have become a burning question with many of our clients recently. What are the tax implications on gains or losses made through investments in cryptocurrencies?
  • V. Mullen & Co is at the forefront of this ground-breaking new market and we can assist you in the most tax efficient manner of converting your cryptocurrency into traditional currencies.

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Contact us with any queries you may have and one of our team will be in touch as soon as possible to assist.