Revised entrepreneur relief (provided for in s597AA of the Taxes Consolidation Act 1997 (TCA 1997) and hereinafter simply referred to as entrepreneur relief) and retirement relief (provided for in ss598 and 599 TCA 1997) are two important reliefs to founders and investors, in particular those involved with small and medium-sized enterprises. This article focuses on how the reliefs operate in the context of a disposal of shares, looks at the interaction between the two reliefs and highlights some common pitfalls that arise in practice.
To continue reading...
Members, students and subscribers of the Irish Tax Institute can login using your username and password.
For information on subscribing please contact info@taxinstitute.ie