Relocation tax planning

Why is Ireland uniquely placed for relocation following Brexit?

Because it offers access to the EU common market

Because it is part of the Euro

Because it has high rates of corporation tax

Because it has many ports

When are individuals ordinarily tax resident in Ireland?

After 280 days

After they have been resident for three consecutive tax years

After 30 days

After 183 days

To what is the term 'domicile' analogous?

A home worth over EUR 250,000

A permanent home

A second home

A home in which you spend more than three consecutive tax years

To whom is transborder relief relevant?

People who commute regularly to a DTA country

People who have been declared tax resident in Ireland

People who become Irish tax resident but who commute regularly to a DTA country

People who have a second home in Ireland

What happens when the conditions for the Special Assignee Relief Programme are satisfied?

A person does not have to pay tax in Ireland

A person pays an increased rate of tax in Ireland

30 percent of taxable employment income over EUR75,000 will be disregarded for income tax purposes

30 percent of taxable employment income under EUR75,000 will be disregarded for income tax purposes

What happens when entrepreneur relief is applied?

The charge for CGT is reduced from 33% to 10% on chargeable gains up to EUR1million

An exemption from CGT is allowed

There is a 12-month grace period to cater for the purchase and sale process of property

Entrepreneurs do not have to pay tax for the first three years after incorporation

For what is a company resident in Ireland liable?

Tax on its total worldwide profits

Tax on its total revenue in Ireland

Tax on its total national profits

Tax on profits made in Europe

What does the Knowledge Development Box offer?

A 6.25 percent tax cut

A tax cut on patented inventions only

An effective rate of tax of 6.5 percent on qualifying profits

A 25 percent tax credit

How are qualifying profits determined for the Knowledge Development Box offer?

As a proportion of R&D spend relative to the total R&D spend to develop qualifying assets

If they were profits made from patented inventions

If they were profits made from copyrighted software

As a proportion of R&D spend

If they were profits made from patented inventions Who can qualify for relief from corporation tax for the first three years?

Those who are not resident in Ireland

Those who commute regularly to a DTA country

Those who have patented an invention

Companies starting a new trade

Relocation tax planning

Why is Ireland uniquely placed for relocation following Brexit?

When are individuals ordinarily tax resident in Ireland?

To what is the term 'domicile' analogous?

To whom is transborder relief relevant?

What happens when the conditions for the Special Assignee Relief Programme are satisfied?

What happens when entrepreneur relief is applied?

For what is a company resident in Ireland liable?

What does the Knowledge Development Box offer?

How are qualifying profits determined for the Knowledge Development Box offer?

If they were profits made from patented inventions Who can qualify for relief from corporation tax for the first three years?

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