Ormsby & Rhodes

• Tax planning and compliance for companies and individuals to minimise their liabilities.
• Executive remuneration planning covering pre-employment payments and termination payments, in addition to tax effective remuneration packages.
• Minimising liabilities to and maximising reclaims of value-added taxes and excise duties on all transaction, including property development.
• Payroll tax compliance.
• Pension plans and administration.
• Wealth preservation strategy covering all capital taxes, retirement reliefs and passing on of family assets.
• Expatriate tax planning, for both departing and arriving executives.
• International tax planning to cover group strategies, cross-border trading and profit repatriations.
• Taxation implication of e-commerce.

For further information please contact Declan O’Luanaigh or Geoffrey Lewis.

• Personal taxation compliance services
• Reviewing current position and identifying planning opportunities.
• Capital Gains Tax Compliance for portfolio investors
• Capital Gains Tax planning
• Advising on tax shelters
• Advice on incentivising senior executives
• Benefits in kind
• Trusts and settlements
• Overseas assignments
• Foreign Taxation issues
• Divorce and separation issues
• Domicile and residence issues
• Revenue Audits
• Capital Acquisitions Tax planning
• PRSI

For further information please contact Declan O’Luanaigh or Geoffrey Lewis.

The following are among the services we provide:

• Reviewing existing tax packages and benefits
• Employee share incentive schemes
• Financial Planning reviews for executives
• BIK compliance advice
• PAYE/PRSI compliance reviews
• Advice on termination of employment.

For more information please contact Declan O’Luanaigh.

Our tax team has extensive experience in advising on all taxation aspects of property transactions.

The following are among the services provided:

• Structuring tax based property transactions
• Minimising stamp duty on the acquisition of property
• Maximising the benefit of 20% income tax rate on the sale of residential development land.
• Advising on the VAT implications of property transactions
• Advising on the direct taxation implication of property transactions
• Maximising Capital Allowance claims.
• Advice in relation to foreign investments
• Structuring tax based property transactions.

For more information please contact Declan O’Luanaigh.

Estate planning is concerned with preserving, protecting and passing on family wealth. Taxation is an integral consideration as it affects practically every aspect of the planning process.

Areas we can advise in are as follows:

• Mitigation of capital acquisitions tax including offering advice on business and agricultural relief
• Passing on of the family home
• Heritage property
• Planning for death
• Advice on use of trusts and structuring of wills.

For more information please contact Declan O’Luanaigh, Neil Payne.

Among the areas BKR | Ormsby & Rhodes can advise in are as follows:

• Structuring the purchase/sale
• Issues in relation to financing the acquisition
• Due diligence
• Maximising value for the vendor/purchaser
• Liaising with legal advisors

For more information please contact Declan O’Luanaigh.

Stamp Duty has become a significant tax cost in relation to the acquisition of property. We can advise on how to minimise these costs.

Our services include the following:

• Minimising stamp duty costs on property and land transactions
• Structuring company reorganisations to ensure that all statutory stamp duty and capital duty reliefs are maximised
• Advising on the inter group transfer of assets

For more information please contact Declan O’Luanaigh.

BKR | Ormsby & Rhodes has in-depth knowledge and experience of helping clients to deal with Revenue audits. As part of the operation of self-assessment, the Revenue Commissioners have significantly increased the number of Revenue audits they conduct. These audits are now widespread for income tax, corporation tax, VAT and RCT.

In addition, the powers of the Revenue Commissioners have expanded significantly and have become more onerous and complex. Penalties for non-compliance with the tax code have also increased substantially.

Our services include pre audit health checks, liaising with the Revenue Commissioners during audits and negotiating settlements, where necessary.

For more information please contact Declan O’Luanaigh.

Some of the services, which we provide in this area, are as follows:

• Advising foreign companies investing in Ireland to avail of the 12.5% rate of corporation tax.
• Advising Irish client’s on the tax implications of investing in property abroad
• International assignment services including structuring remuneration packages in a tax efficient manner.

For more information please contact Declan O’Luanaigh.

VAT is an extremely complex tax, which requires careful and detailed consideration when advising on commercial transactions.

We have the expertise to advise on both national and international VAT issues and the services, which we provide include:

• VAT compliance services including VAT registration and related administration issues
• VAT on property
• Advising on the VAT treatment of specific transactions
• International VAT issues
• Obtaining VAT ruling
• Advising on Revenue VAT audits

For more information please contact Declan O’Luanaigh.