Private Clients

Many people now have assets and property investments overseas. Whether you or your family own or are looking to purchase personal assets or business structures overseas, we can recommend tax-efficient financial structures to suit your individual circumstances and objectives.

We work with our international network, Crowe Global, to support your international tax strategy and compliance, as well as helping with any visa and international employment requirements.

Non-resident/non-domiciled

• Advance planning to ensure tax advantages of not being Irish-resident/domiciled are being availed of
• Advising on treatment of accumulated wealth outside of Ireland in order to remain outside of the Irish tax net
• Advising on Ireland’s tax treaty network which impacts expats and non-domiciliaries through the interaction of tax rules between treaty countries

Buying property overseas

• Advising on appropriate structures to acquire overseas property and assisting with the management of these properties through our extensive Crowe Global network

International estate issues

• International personal estate and tax planning to include wills and succession, trusts and the administration of international estates

Working overseas

• Advising on tax implications of working overseas to include tax obligations in the home and host country, international social security, efficiently structuring remuneration packages, personal tax planning and international tax aspects of pensions

Retiring overseas

• Advance planning for retirement overseas
• Advising on tax implications of retiring overseas, to include tax obligations in the home and host country, qualification for Irish State pension and the impact of acquiring a principal private residence overseas

Integrated service for your business and personal tax. Understanding your strategy, where you are now and where you want to be.

Finding the right structure for your business

• Share structure for owner-managed businesses
• Family investment companies

Allowances and reliefs planning

• Availing of Startup Refunds for Entrepreneurs (SURE)
• Using allowances to ensure the best post-tax return
• Using lower rate bands to optimise tax efficiency
• Reviewing pension strategy and dividend policy

Entrepreneur relief

• Review disposal strategy against relief conditions
• Assess your business for qualifying status

Investment options planning

• Tax-efficient investments, including EIIS

Growing SMEs

• Retaining key staff members through relief programmes such as KEEP

Profit extraction advice

• Efficient extraction of profits to include salary, benefits, dividends, pension, interest, rent etc. 

Managing your family assets

• Wealth management – looking at your short-term and long-term goals, taking into consideration family arrangements and passing on wealth to the next generation

Planning your exit

• Preparing for exit
• Retirement options

Optimising your cash flow and assets throughout your life is fundamental to the financial success of you and your family.

Cash flow planning

Often you may be so focused on your business demands, you have little time to apply the same rigour to your personal affairs. We support you through:

• Understanding and identifying your priorities and goals
• Working with you to optimise your cash flow and ultimately your personal balance sheet
• Generating efficiencies in tax, managing assets efficiently, helping you plan passing on of assets and your retirement
• Understanding your assets, for example by taking into account assets that have a value now or in the future, such as share options

Retirement planning

Pension funding is one of the last remaining tax breaks available to individuals. There have been significant changes over the years in this area. Planning your retirement and how you access your funds can be complex. We can support your retirement planning by:

• Reviewing your existing pensions
• Developing a plan to maximise the tax relief on pension contributions and build a pension pot efficiently
• Helping you understand the impact if you change role, retire early or leave work
• Advising on drawdown strategies to optimise the longevity of your assets

We focus not only on how you maximise your fund, but how you protect it and future benefits for your family. We also consider if are there other benefits accrued in Ireland or overseas, as this is an entitlement that can be valuable in a terms of cash but is often omitted when individuals are considering their pension.

Supporting the big decisions

Life presents challenges and opportunities, like:

• Can I retire early?
• Should I start a business?
• Should I sell the business?
• Can I afford to pass the business on to other family members? 

We can analyse these decisions and assess the risks from an impartial point of view and help you make an informed decision. We work closely with our tax specialists and Business Value Builder team to assess the most tax-efficient position and how best to structure it for you.

Lifetime planning

Increasingly, people are feeling the desire to make lifetime gifts and see the next generation enjoy the benefits. We will advise on:

• Structuring lifetime gifts
• Maximising the use of the tax-free amounts
• Utilising the small gift allowance
• Managing provision through multiple generations
• Working with your solicitors to have the appropriate Powers of Attorney put in place where necessary;
• Implementing family partnerships and companies to give controlled participation to the next generation

Succession planning – protecting the key family assets

There are significant reliefs for passing on businesses, farms and in certain circumstance family homes. We advise on:

• Structuring business transfers to avail of tax reliefs
• Reviewing your will to ensure tax efficiencies are facilitated
• Implementing appropriate family structures
• Reviewing share structures, shareholders’ agreements etc.

Estate planning

Having an efficient will in place that reflects your wishes is fundamental. We work with your legal advisor to ensure:

• Optimal tax-efficient transfers
• Vulnerable family members are protected
• The most efficient transfer of assets post-death, through the use of trusts where required

Administration

We handle all administration, including:

• Ensuring all compliance matters are dealt with
• Preparing estate and trust accounts
• Ongoing trustee administration
• Retention of registers etc.

Traditionally Irish people have always supported others in need and have a reputation for generosity. Correctly structured, philanthropic gestures can result in tax savings from which either you or the designated charity benefit.

Tax-efficient gifting

• Advice on how charitable organisations are taxed, appropriate tax and philanthropic vehicles, donating an asset, donating shares, pension lump sums and donating through your company
• Supporting legacies through continual gifting

Structures

We can assist you in devising a strategy for you and your family, be it:

• Establishing a charity or foundation
• Gifting or bequeathing to a charity
• Utilising a donor advised fund

Bequests

In a similar manner, bequests can be structured tax-efficiently. Reviewing your will and considering what legacies you leave is important not only to you, it can also be a way of ensuring future generations support your legacy

The breakdown of relations between husband and wife can be a very traumatic time and, as a result, people rarely give due consideration to the tax consequences of their actions. However, there are long term, and often irrevocable, consequences for tax purposes and therefore it is essential that adequate planning be carried out before any decisions are made.
 
The rules applicable to informal separation, formal separation and divorce are different and can be complex. The following are just some of the issues we would need to consider:

• If due care is taken, the transfer of the family home should not give rise to tax problems
• Both spouses may be entitled to the Single Parent’s tax credit and increased standard rate cut-off point
• Maintenance payments to children are usually exempt but payments to the spouse may have tax consequences, depending on the circumstances
• Joint assessment may still be an option, even after formal separation has occurred