Wednesday April 8, 2020

Capital taxes

Minister for Finance Brian Cowen has introduced measures to circumvent a particular avoidance scheme whereby assets that would ordinarily be subject to capital gains tax (CGT) are transferred to a present, separated or former spouse who is not tax-re

10th December, 2005

Minister for Finance Brian Cowen has introduced measures to circumvent a particular avoidance scheme whereby assets that would ordinarily be subject to capital gains tax (CGT) are transferred to a present, separated or former spouse who is not tax-resident in the State, free of CGT.

Under the scheme, the spouse would then dispose of the asset in the year in which he/she acquired it while being non tax resident in Ireland thereby avoiding a charge...

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