Warren & Partners have over 25 years of experience providing inheritance & gift tax planning solutions to clients all over Ireland. We see an increasing demand for our services to enable the tax-efficient transfer of business or personal assets to the next generation.
We use our deep knowledge of capital gains tax, capital acquisitions tax and trust tax to implement tax-efficient Wills and use capital gains tax and inheritance tax reliefs and exemptions to solve difficult scenarios for clients. Below we have set out some recent inheritance & gift tax projects we have been working on:
This assignment for a Family business valued at €6M featured:
We have advised on:
Despite the introduction of significant restrictions to this relief in 2016, we have worked with several clients to ensure that the dwelling house exemption could be claimed through a tax-efficient Will.
We have also enabled clients to receive gifts of the property during their lifetimes tax-efficiently, while enabling the parent to continue living in the property.
Domestic trusts have re-emerged as a useful tax planning tool if constructed and managed correctly. We recently advised parents with significant property assets and one child how to use a family trust to plan the timing of the CAT liability and minimise the tax costs of the structure.
Please contact Tom Mahon, Fergus McCarthy or Anthony O’Callaghan if you would like to discuss a case – we can help you!
Please note: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.
Warren & Partners are a boutique Irish tax and business advisory firm based in Ballsbridge, Dublin. Our experienced-team of tax advisors will create unique tax solutions for your specific business needs.
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According to the CSO, the year to 30 April 2020 saw the highest number of Irish ex pats (28,900) returning to Ireland since 2007. It is vitally important that the ex pat’s financial affairs are managed in a way that the move to Ireland is tax efficient, particularly if they are currently living in a tax jurisdiction with low personal income tax and capital gains tax rates. There are many relevant tax matters which should be considered prior to moving back to Ireland. Our experienced tax team can provide important assistance in this regard.
There are several annual reporting obligations for employers who operate share schemes for their employees which are due for filing with Revenue by 31 March following the year end.
Non-domiciled individuals can reside in Ireland tax efficiently. However, failure to plan your move before establishing tax residence in Ireland can have adverse tax consequences.
