Services > Taxation

Grant Reddy has a team of registered tax consultants who are members of the Irish Taxation Institute

Our taxation services fall under three headings

  • Compliance,
  • Consultancy and
  • Revenue Audit Support

We provide taxation services to corporate clients and individuals.

Corporate Taxes

We can provide you with a range of services that will help you to minimize your corporate tax exposure and relieve you of the administrative burden of tax compliance.

We provide specialist tax advice and services for:

Corporation tax

    • Determining the most tax effective structure for your business.
    • Availing of the corporation tax exemption for new company startups.
    • Taking full advantage of credits (including R&D) and reliefs in computing current year’s computations.
    • Acting for you in discussions with the Revenue Commissioners.
    • The timely payment and filing of corporation tax and corporation tax returns. Our client database holds a record of all corporation tax filing deadlines for clients.

Corporate Groups

    • The implementation of group corporate structures to maximize available tax reliefs.
    • The reorganization of existing group corporate structures for commercial, family or tax driven reasons.
    • Reducing tax on disposals and maximizing reliefs on acquisitions.

Business exits

    • The most tax efficient means of structuring a business sale to reduce capital gains tax (e.g. Asset sale vs. Share sale)
    • The VAT implications on disposal of the assets of a business.
    • Tax efficient extraction of funds from business.

Company directors and shareholders

    • Remuneration planning to ensure maximum tax efficient salaries are extracted.
    • Pension planning via private company to maximize the funds available to the company director on retirement.
    • Exit planning strategies to ensure the company director/shareholder can extract maximum cash from the company tax free when partially or fully retiring, while availing of current reliefs available.

Revenue audits

    • The preparation of voluntary disclosure submissions.
    • Attendance at Revenue Audit meetings.
    • Negotiations of settlements with the Revenue Commissioners.

VAT

    • Assistance with VAT registration.
    • Advice on VAT planning and administration.
    • Use of the most appropriate VAT scheme.
    • Completing and filing VAT returns.
    • Negotiations and settlements of disputes with the Revenue Commissioners.

Corporate Ireland

    • The most suitable corporate structure to use when commencing a business in Ireland.
    • The tax implications of setting up a branch or limited company in Ireland or abroad.

Personal Taxes for Individuals

We are specialists in all areas of personal tax. We assist clients in optimizing their tax position and ensure they meet all the onerous compliance requirements. We provide you with advice on all aspects of personal taxation. Our aim is that you are as tax efficient as possible and all deadlines are met.

Income tax

    • The computation of income tax liabilities utilizing all available credits, exemptions and reliefs.
    • The structuring of employment termination packages for minimum income tax exposure.
    • The timely payment and filing of income tax returns.

Capital gains tax (CGT)

    • The use of available reliefs in relation to the sale of a business, property or any other capital asset to minimize CGT payable e.g. retirement relief, principal private residence relief or the transfer of site to child relief.
    • The CGT free transfer of a sole trader’s business to a limited liability company to avail of the benefits of limited liability and the corporation tax rate of 12.5% (Transfer of business relief)
    • The quantification of CGT liabilities and the timely filing of relevant returns.

Capital acquisitions tax (CAT)

    • Making full use of CAT exemptions.
    • Transferring assets into trusts.
    • The transfer of wealth and assets to family members or any other individuals in a tax efficient manner.
    • The use of CAT business property relief to pass on business assets or private trading companies in a tax efficient manner and any restructuring required.
    • The use of CAT agricultural property relief to pass on farming land and assets.
    • The quantification of CAT liabilities and the timely filing of CAT returns.
    • Tax residency, ordinary tax residency and domicile status and the tax implications (income tax, CGT and CAT) of same.
    • Limiting income tax liabilities using split year residence relief and cross border workers relief.
    • The use of double taxation agreements.
    • Marital disputes
    • The division of family assets without giving rise to a tax charge.
      Implementing the correct method of assessment and optimum tax credits for each spouse in the year of separation / divorce and future years.

    Please contact Roslyn Fitzgerald for further information.