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...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team