DUBLIN: Ireland’s outmoded capital gains tax rules are forcing Irish entrepreneurs to register their businesses in the UK. But is there some good news just around the corner.
Under current capital gains tax (CGT) rules, the sale of a start-up for €10m could cost founders and investors €4m more in Ireland compared with the UK.
We reported in July that the Department of Finance is planning to cut the rate of capital gains tax for new start-ups to 10pc, with a €10m cap on gains from next year, bringing Ireland in line with the tax environment for start-ups in the UK.
