Tax

Our dedicated and organised compliance team, coupled with our robust procedures ensure a “no surprises” approach to keep you compliant well in advance of filing deadlines.

Our compliance services include the following:

• Personal Income Tax
• Capital Gains Tax
• Corporation Tax
• VAT Compliance
• PAYE/PRSI
• Relevant Contracts Tax Returns

Whatever your personal taxation position may be, we can guide you through optimising reliefs, avoiding pitfalls and designing the best structure for your family’s future.

Some example of the areas we provide private client advice on are as follows:

• Succession planning
• Sale of business to third parties
• Domicile review and remittance planning
• Asset distribution within family to reduce high income tax costs
• EIIS investment
• Family partnerships
• Marriage dissolution

In addition to our worldwide connections, our International Tax Team has the necessary skills and expertise to advise on international tax matters. Whether placing foreign direct investment into Ireland or expanding your Irish operations overseas, cross border activities bring with them both commercial opportunities and taxation complexity. We work frequently and closely with our international colleagues.

Our team are on hand to provide advice on all the following areas to help your international expansion:

• Setting up in Ireland
• R&D tax credits
• Knowledge development box
• IP planning
• International group structuring
• Global mobility solutions
• Transfer Pricing
• Indirect tax considerations

Building a seamless international solution for your business is what we do.

Transactions of all sizes require the dedicated attention of experienced professionals. At Azets, we can assist you by providing advice that will allow you to navigate both the tax and commercial issues that will arise on such transactions.

Whether buying, selling or expanding your business, we can assist you in minimising your tax including:

• Deal structuring
• Due Diligence
• Advising the Purchaser/Seller
• Restructuring

We can also review your existing structure to ensure that it is fit for purpose including:

• Family partitions
• Succession planning
• Amalgamation or division of trades
• Dispute between shareholders, either by consent or Court order
• Tidy up of corporate group
• Consolidation of an individual’s corporate holding

We have significant experience in advising clients on the tax implications relevant to property transactions and property development.

Particular care is required when deciding on the most suitable structure to be put in place for the holding of property which may include:

• Co-ownerships or partnerships
• Non-resident structures
• QIAIFs
• Corporates

Other matters to be considered in relation to such transactions include tax efficient financing, VAT treatment and potential exposure to RCT.

VAT is one area which can be particularly challenging when it comes to real estate transactions as VAT on property is a complex area of VAT law. Property transactions can have potentially costly VAT consequences for both purchasers and vendors. It is therefore of major importance that all VAT aspects of a transaction are considered from the outset and all related obligations met. It follows that professional advice should be sought before entering into any construction or property transaction.

With our experience we can provide you with practical advice on bespoke structures that will best suit your needs and requirements.

VAT can be one of the more complex areas of tax. Combining our VAT experience with our industry knowledge, our Azets VAT team can help businesses and other organisations to address any VAT challenges. Our VAT experts have significant expertise in advising on ways to minimise irrecoverable VAT costs and maximise cashflows in an easily understood manner.

Our VAT services include:

• Transactional consulting
• Property transactions
• VAT review/health check/pre-audit check
• VAT training
• Dispute resolution support
• VAT compliance and reporting

Our VAT services are led by our Partner and Head of Tax Alma O’Brien. Alma is a member of the Institute of Tax VAT committee and has also lectured on VAT matters for the Institute.