Jan 2011 | Mandatory Disclosure of Certain Transactions II
The mandatory disclosure regulations announced in Finance Act 2010 are now in force. The regulations govern the reporting to Revenue of certain types of transactions and are discussed here. They are in...
View ArticleJan 2011 | European Commission orders Ireland to stop exit tax
The European Commission has formally requested Ireland (and other countries) to stop imposing an exit CGT tax on companies moving residence out of Ireland. Similar exit taxes arise for trusts and it...
View ArticleFeb 2011 | Civil Partnership and Cohabitants legislation -Taxation position
In light of the rushed nature of the passing of Finance Act 2011, the taxation provisions for the Civil Partnership legislation were deferred. Revenue have confirmed that the legislation for this has...
View ArticleFeb 2011 | Tax Transparency and Information Exchange - Ireland passes OECD...
Ireland has passed the OECD tests on commitment to tax information exchange ensuring that it is a so called "white listed" country for foreign trust and taxation purposes. See the OECD report on...
View ArticleJun 2011 | Stamp Duty - mandatory eFiling
Stamp Duty returns and payments must now be filed electronically with effect from 1 June 2011 in respect of all deeds regardless of when such deeds were signed. Very few exceptions apply. See the...
View ArticleJul 2011 | UK - Consultation on reform of Domicile and Residence
Arising out of the UK Budget of 2011 and the uncertainty created by the high profile Gaines-Cooper case on residency, the UK Government has opened up a consultation forum on the reforms to the UK...
View ArticleJuly 2011 | UK Iheritance Tax and Charities
There is now a reduced rate of UK inheritance tax (IHT) of 36% for estates that provide that more than 10% or more will pass to charity. UK IHT is generally charged at the rate of 40% in excess of the...
View ArticleJul 2011 | Finance (No.3) Act 2011 - Civil Partners and Cohabitants
The legislation which gives effect to the taxation changes arising our of the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010 has now been enacted in Finance (No. 3) Act...
View ArticleJul 2011 | CAT filing deadline 30 September 2011
Despite the fact that there have been two Finance Acts since the initial confusion behind the enactment of the Finance Act 2011, which brought forward the CAT payment deadline to 30 September 2011 and...
View ArticleDec 2011 | Budget 2012 - Capital Tax Changes
The following measures were announced today by the Minister for Finance in connection with capital taxes. More details will be available on the publication of the Finance Bill in January. Capital...
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