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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say