CPDStore Ireland

Practitioners may occasionally find themselves advising special companies that throw up niche tax issues that they wouldn’t otherwise encounter on a day-to-day basis. Examples include investment companies, charities and companies engaged in mutual trading such as clubs or property management companies. It is important that practitioners are familiar with the niche issues and special tax treatments of relevance to these types of companies. As they may only be encountered occasionally however, staying abreast of developments can be challenging.

This course will highlight some of the key niche tax issues that can arise when advising these types of companies. It will act as a useful refresher, giving practitioners a good understanding of the key issues to be aware of when advising such companies.

The course will also touch on some of the key issues pertaining to companies going through an insolvency or strike-off process.

Michael O’Scathaill will cover the following topics during this session:

• Management Expenses incurred by Investment Companies – in what circumstances can a deduction be claimed and how can the relief be utilised?
• Mutual Trading – an overview of the concept, where it applies and what it means in practice.
• An overview of the charitable tax exemption and its application in practice.
• An overview of the key tax issues arising from a liquidation.
• Key tax issues and challenges for receivers.

By attending this session, you will get an appreciation and understanding of some of the niche tax issues pertaining to special companies such as charities, investment companies and companies engaged in mutual trading such as property management companies and clubs and associations. This will be of particular use in advising such companies by highlighting the main issues to consider when doing so. The session will also focus on the key tax implications of liquidations and receiverships.

 The session will be of particular interest to general practitioners who may encounter these types of companies and transactions on an occasional as opposed to regular basis and who would therefore benefit from a refresher of the key issues.

Course Level: Foundation