Thursday August 6, 2020

Moves to ensure domicile levy not avoided

The government has moved to ensure that wealthy individuals will not be able to avoid the new €200,000 domicile levy by transferring assets to members of their family.

6th March, 2010

The government has moved to ensure that wealthy individuals will not be able to avoid the new €200,000 domicile levy by transferring assets to members of their family.

The Department of Finance is taking steps to prevent individuals from moving assets into trusts or foundations in order to reduce their Irish assets below the threshold for the new levy.

The move comes amid concern that high net-worth individuals could avoid the levy, which was announced...

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