Doing Business in Ireland
29/06/2010 : International Solutions
A guide to all aspects of setting up and running a business in Ireland.
Irish Holding Companies
29/06/2010 : International Solutions
This booklet has been prepared to give some general information to those contemplating setting up a holding company in Ireland. This booklet is not intended to be a comprehensive analysis of all relevant aspects of setting up a holding company.
The Start Up Guide
03/03/2010 : News Clippings
Article from Sunday Independent, 28th February 2010, featuring Mark Barrett.
Non Principal Private Residence Charge
19/10/2009 : Property Charges
The Local Government (Charges) Act 2009 (the “Act”) as enacted on 24 July 2009 provides for the introduction of a €200 charge on certain residential property. This charge was originally announced by Minister Lenihan in the supplementary April 2009 Budget.
In general, the annual €200 charge will be payable in respect of non principal private residences located in the State. A payment will be required to be made by an “owner” of a residential property held by them at the “liability date”. For the purposes of the Act, an “owner” is defined as including any person who is entitled to (i) receive the rent of a property or (ii) where the property is not let, would be so entitled to receive rent if it were rented. The broadness of the definition not only includes ultimate beneficial owners but also can include a trustee (see exemptions below), agent or executor of an estate.
A liability will be calculated by reference to the “liability date”. In respect of the 2009 period, the liability date has been set at 31 July 2009 and payment is required to be made by 30 September 2009. For 2010 and future periods, the liability date will be 31 March of each year. Liabilities will be required to be discharged by 31 May of the relevant year.
As indicated above, payments in respect of the 2009 period should be made by 30 September 2009. However, from our reading of the Act it would appear that the absolute final date by which the 2009 should be paid is 31 October 2009.
