How do we determine the rate of interest at which we charge our daughter? Photograph: Alan Betson

Analysis: Dominic Coyle answers one family’s conundrum

I discovered in the last week that my shareholding has now increased despite my leaving Apple many years ago. Photograph: Brendan McDermid/Reuters

Q&A: Dominic Coyle

“I recently received a solicitor’s letter demanding a large sum of money be paid to my ex-partner as she wants the money she put in at the beginning to buy the house, such as deposit etc, back.” Photograph:  Dominic Lipinski/PA

Q&A: Dominic Coyle answers your personal finance questions

Minister for Finance Michael Noonan disclosed the figure on Thursday in a written response to Fianna Fáil finance spokesman Michael McGrath

Disclosures amount to more than €70m so far with final figure expected next week

“I made a loss on a foreign property. Am I right that I can set the amount off against future gains?” Image: iStock

Q&A: Dominic Coyle answers your personal finance questions

After May 4th, Revenue will no longer give credit for voluntary disclosure of offshore assets. If individuals don’t act on the deadline, they could be open to prosecution.

Deadline for submissions to Revenue Commissioners is 5.30pm, Thursday, May 4th

At the announcement of MSD’s €40 million investment in its Ballydine plant in Co Tipperary were (from left) site lead Ger Carmody with  Liz O’Donnell, director of policy, government affairs and communications at MSD Ireland and Ger Brennan, managing director for human health at MSD Ireland.

Spray drying facility is the latest element in a €75 million upgrade of the Tipperary plant

“Revenue strongly encourages anyone in receipt of dividends . . . to ensure that they have declared this income to Revenue and, if they have not done so, to make a disclosure of the foreign income to Revenue before 5.30pm on Thursday.”

Data from US Internal Revenue Service shows undeclared share dividend income

A Revenue official says initial information from the US under new arrangements for the exchange of tax information shows a number of PAYE taxpayers have outstanding tax issues

Tax clampdown with deadline of Thursday may affect some with overseas earnings

Under Irish tax law a person who is tax resident here but not domiciled in Ireland pays tax only on their earnings here and on any assets they buy and sell in this country

Q+A: Dominic Coyle answers your personal finance questions

After May 1st, Revenue has said that failure to disclose and pay tax due on foreign income and assets will be seen as an act of deliberate tax evasion

Penalties of 10% for those who meet May 1st deadline, with charge rising to 100% later

The Revenue view is that holding offshore assets is  a deliberate effort to evade tax.

Revenue wants to know about your holiday homes, pensions and even UK bank accounts

Enforced encashment of the Canadian retirement fund makes the position clearer in Irish tax terms.

Q&A: Dominic Coyle answers your questions on personal finance

Cardinal Health is acquiring Medtronic’s patient care, deep vein thrombosis and nutritional insufficiency units. (Photograph: Munshi Ahmed/Bloomberg)

Tullamore medical supplies plant with 350 staff among those under new ownership

Istanbul: Ireland has a double-taxation agreement with Turkey covering tax on income, among other things. Photograph: Chris Hondros/Getty Images

Q&A: Dominic Coyle looks at a complication arising from a holding of foreign property

Dr Mark Heffernan, co-founder and chief executive of Nexvet Biopharma.

Tullamore company developing drugs to help dogs and cats deal with pain

Richard Pops, Alkermes chief executive, received a lower salary last year. Photograph: Dara Mac Dónaill / The Irish Times

Irish-domiciled biopharma group reported 31% rise in sales last year

Brendan Farrell, chief executive of Hibergene Diagnostics: company is “grateful to our investors for providing the funding which will enable Hibergene to significantly expand both its range of diagnostic products and its global reach”. Photograph: Peter Houlihan

Diagnostics group Hibergene plans to bring new tests to market and break into US

Technology giant Intel is closing its final salary pension scheme after the cost of funding it multiplied in recent years.

US computer chip giant blames rapidly rising costs for decision to shut final salary scheme

The rules have tightened  in relation to ‘dwelling house relief’

Q&A: Dominic Coyle answers your personal finance questions

Galway-based medical device company Neuravi: its EmboTrap device captures and removes clots from blood vessels and restores blood flow. Photograph: Andrew Downes.

Sale of Neuravi is largest deal for a venture-backed medtech in Europe since 2009

 Pfizer is still looking to close its current non-contributory defined benefit plan to 900 staff, including the 250 workers at the Cork facility. Photograph: Andrew Kelly/Reuters

Negotiation between union Siptu and Pfizer has ended an eight-week overtime ban

Sigmoid chief executive Ivan Coulter highlights the ‘very powerful validation’ the involvement of Dr Falk Pharma brings Sigmoid.

Major player in gastrointestinal therapy to invest in and partner with Irish firm

Technology and a growing determination to clamp down on tax evasion means tax authorities worldwide are getting more aggressive in this area and   are more open to the idea of mutual co-operation and better able to deliver on it

Q&A: Dominic Coyle answers your personal finance questions

 There could be Visa card problems early next week, depending on the arrangement with individual banks, if the entire backlog of transactions stalled by the three-day suspension is not processed. Photograph : Matt Kavanagh

Company says technical glitch did not affect ability of consumers to use cards

Dublin has accounted for almost half of all projects undertaken and more than half of the total cost of the Home Renovation Incentive since it was launched in 2013. Photograph: Frank Miller

Almost 77,000 projects completed under incentive scheme, at average cost of €16,000

Ireland belongs to a group of 54 “early adopters” exchanging information relating to accounts open on or after January 1st, 2016.

Q&A: Revenue has agreements in place that cover more than 100 jurisdictions

The ReActiv-8 device has begun a new trial aimed at securing a premarket approval for the US.

Company has already begun commercialising back pain device in Europe

Pfizer, Novartis, Roche, AbbVie, Bayer and Merck are among the 47 pharma companies analysed in the report compiled by PatientView. Photograph: Getty Images

Drug companies rank lower overall for innovation and reputation in worldwide report

Oneview chief executive  James Fitter and  founder Mark McCloskey: “Innovative healthcare leaders like LG Health select Oneview for its inherent ability to improve the patient experience.” Photograph: Peter Moloney

Irish group will provide interactive patient care software in Lancaster General Hospital

Revenue’s clampdown is targetting a smallish number of people who over many years have been fairly blatantly gaming the system. Photograph: Gareth Fuller/PA Wire

Q&A: Dominic Coyle answers your personal finance questions

Members of staff leaving the Coty beauty products manufacturing plant in Nenagh after hearing that the factory is going to close with the loss of 200 jobs. Photograph: Brian Gavin / Press 22

First staff will be let go by October with final shutdown scheduled by end of 2018

Coty’s Nenagh plant, which manufactures Max Factor products, had been in competition with a plant in Kent for the business.

Business to transfer to English plant months after takeover of Procter & Gamble unit

How has your Fyffes investment grown? Photograph: Getty Images/iStockphoto

Q&A: Dominic Coyle answers your personal finance questions

Nabawi Mosque in Medina, Saudi Arabia: moving back to Ireland after 17 years in the country. Photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

Oneview chief executive James Fitter with founder Mark McCloskey. Photograph: Peter Moloney

Australian-listed Irish group reports strong pipeline for interactive patient care solution

Amarin chief executive John Thero. Photograph: Cyril Byrne / The Irish Times

Irish biotech’s drug used to treat US patients with high levels of blood fats

It is likely there will be a  reduction in federal funding for renewable energy and sustainable development projects in the US under a Trump administration. Photograph: Nick Ansell/PA Wire

Pension funds could fund sustainable projects dropped by climate-sceptic president

The Boston Scientific plant in Galway. Photograph: Joe O’Shaughnessy

Move follows reports of problems with locking mechanism in valve replacement products

Revenue commissioner Liam Irwin

Declarations before May 1st mean reduced penalties and chance to remain anonymous

Revenue is sending letters to more than 480,000 taxpayers warning them to disclose details of any assets held abroad before an April 30th deadline.

Almost 500,000 to get letters urging them to declare assets held abroad before deadline

Houses in London: the Irish Revenue will hold you liable for tax over the full period of ownership of the UK property even though the British are only concerned with gains since April 2015

Dominic Coyle answers readers’ questions

“I received a form, with instructions to pay a €35 release fee.” Photograph: Alan Betson

Why do I have to pay a charge if these documents belong to me?

Oneview chief executive James Fitter and founder Mark McCloskey. Photograph: Peter Moloney

Non-profit group Barnes Jewish Healthcare to install 2,000 Oneview medical devices

Self-building:  nothing in the Finance Act 2016 – which contains the rules governing the Help-to-Buy scheme –  expressly lays down how a deposit should be paid in relation to self-builds. Library photograph: iStock

Dominic Coyle answers readers’ questions

The bottom line is that if Revenue suspects you could not afford the costs of nursing homecare from your own resources, they will disallow any tax relief claim on bills they determine were effectively paid by your mother by virtue of money she has given you. Photograph: Bryan O’Brien

Q&A: Your personal finance questions answered

Paul Reid,  MD of Pfizer Pharmacy. Photograph: Alan Betson

The drug giant’s point man in Ireland talks about acquisitions, setbacks, prices and Trump

 Minister for Health Simon Harris and Health Enterprise Alliance president Sandra Gannon. Photograph: Maxwells

Simon Harris keen to increase use of cheaper versions of off-patent medicines

Arrival of biosimilars is expected to deliver savings of more than €100m over the four-year life of the agreement

Generics lobby says biosimilars are being blocked but pharma group disagrees

Bank of Ireland says it  will keep property deeds safely once a mortgage has been repaid until the deeds are requested by the customer. Photograph: Yui Mok/PA Wire

Q&A: Dominic Coyle answers your personal finance questions

Simon Harris: The Minister for Health has said his department is developing a national biosimilar policy. Photograph: Dara Mac Donaill

Arthritis drug Benepali barely sells while branded competitor dominates market

Medicine costs: a significant  portion of the €750 million in savings expected under a drug pricing deal between now and mid-2020 may not be delivered. Photograph: Getty

Low sales of ‘biosimilar’ arthritis medicine paves way for branded drugs to avoid 30% cut

Healthcare potential: the MSD facility in Swords, Co Dublin. Photograph: Brenda Fitzsimons

Pharmaceutical company’s trials over next three years will focus on cancer treatments

Oneview chief executive James Fitter and founder Mark McCloskey. Photograph: Peter Moloney

Hospital software group to help create platform to monitor impact of patient care plans

Mainstay Medical’s has announced the first sale of its ReActiv8 neurostimulator to treat chronic lower back pain  at a hospital in Koblenz, Germany

Iseq-listed medical device firm targets commercial growth and completion of US clinical trials

Help to buy? An estate agent’s shop window in Dublin. Photograph:   Brian Lawless/PA Wire

Q&A: Dominic Coyle answers your personal finance questions

Under the reformed measure passed in the Finance Act, the gifting of homes under the dwelling house relief is ended unless the person concerned is a family member so incapacitated that they cannot provide for themselves.

Q&A: Dominic Coyle answers your personal finance questions

For the purposes of  the Help to Buy scheme, the value of a self-build is the valuation put on the property project by the mortgage lender. Photographer: Jason Alden/Bloomberg

Q&A: Dominic Coyle answers your personal finance questions

MOF Technologies chief executive Paschal McCloskey: “Excelsa Ventures is a perfect fit for a company like us.”

MOF Technologies to quadruple research capacity and expand production lines

The rewritten section 86 importantly returns to dwelling house relief being permitted only in cases of inheritance

Q&A: Dominic Coyle answers your personal finance questions

Up to 50 workers recruited for Pfizer’s Ringaskiddy plant in Cork since 2014 have found themselves impacted by the ongoing dispute over pension entitlements. Photograph: Don Emmert/AFP/Getty Images

Staff at Ringaskiddy in dispute over pensions for new employees

In New York on Wednesday, Donald Trump told his first press conference as US president-elect: “We’ve got to get our drug industry back.” Photograph: Don Emmert/AFP/Getty Images

President-elect targets pharma and medtech sectors

Pfizer said the cost of funding non-contributory defined-benefit pension schemes in Ireland had risen by more than 1,000 per cent since 2009. Photograph: Dan Kitwood/PA Wire

Workers in Cork plants object to closure of non-contributory defined-benefit plans

US president-elect Donald Trump held his first news conference since his election on Wednesday.  Photograph: Don Emmert/AFP/Getty Images

President-elect says he will bring drug industry back to US and tackle high drug prices

 “The abuse of this scheme has been a concern of Revenue for years,” said TD Joan Collins. Photograph: Cyril Byrne

Perceived abuse of dwelling-house exemption to avoid paying tax has led to reform

Genomics Medicine Ireland will work with Abbvie to examine potential genetic triggers for a series of major chronic diseases in the areas of cancer, neurosciences and immunology. Photograph: Conor McCabe/GMI

Genomics Medicine Ireland is joining with Abbvie to develop drugs to fight cancer

Assuming the Fyffes takeover is approved, the payout to shareholders will be €2.25 per share.

Q&A: I bought Fyffes shares at IR£1.70 in 2000. What is my capital gains tax situation?

Consistent returns over the long term are most important to pension investors. Photograph: iStock

Average return of 5.8% despite Brexit shock and poor start to the year

NeRRe Therapeutics targets common conditions where there is currently unmet medical need using a pathway called neurokinin receptors. Photograph: Getty Images/iStockphoto

Investment by Fountain Healthcare Partners to also target treatment for chronic coughing

The purchase scheme offers first-time buyers the chance to get up to €20,000 to put against their deposit on a new home. Photograph: Rui Vieira/PA Wire

Numbers of first-time buyers signing up for home incentive set to rise in coming days

The scheme is available only to owner-occupiers, not to the investment or buy-to-let market, and applicants will need to live in the property for five years

Revenue scheme to help first-time buyers starts in 2017

Taoiseach Enda Kenny and Bruce Cozadd, chairman and chief executive of Jazz Pharmaceuticals. Photograph: Shane O’Neill/Fennells

Drug firm with Athlone manufacturing plant seen as second fastest-growing US share

Nationwide UK got confused over the status of Irish customers at its Nationwide UK (Ireland) operation

Q&A: Dominic Coyle answers your questions

Bausch & Lomb

Ballot on 9.5% three-year deal wins 80% support from workers at contact lens plant

You do not have to file a capital gains tax return if the gain  is under the exemption limit.

Q&A: Dominic Coyle answers your personal finance questions

Bausch + Lomb: A  dispute between management and Siptu workers had become increasingly intransigent, but a deal was hammered out  on Wednesday.

Siptu and management hammer out 9.5% pay rise as industrial action loomed

Nishi Ward, founder of Waste Systems (second left), Allen Martin, senior executive, Kernel Capital, William McCulla, Invest NI corporate finance director, and   Andy Palmer,  customer service manager, Bank of Ireland UK

Waste Systems has international market for equipment that segregates recyclables

Oneview Healthcare chief executive James Fitter and founder Mark McCloskey. The Dublin company is installing its software at St Louis Children’s Hospital in St Louis, Missouri. Photograph: Peter Moloney

Contract could see Irish medtech’s product rolled out across 15 hospitals in the midwest

Bausch & Lomb: workers at the Waterford plant took a 7 per cent  cut and 200 job reductions to ensure the survival of the plant. Photograph:   Mary Browne

Trade union and contact lens group to focus on talks aiming to resolve pay dispute

Once you have owned property anywhere, you are no longer classified as a first-time buyer for the purposes of the Irish Revenue. Photograph: Rui Vieira/PA Wire

Q&A: Irish national now back home wants to avail of first-time buyers’ initiative

“In effect, you are being penalised for your good track record. If you were currently renting and planning to buy, clearly the current rent would no longer be a cost to you and would be factored in.”

Q&A: Mortgage lenders leave customer in dark on whether savings on outgoings are factored in

Activity in the construction sector is expected to grow by 9 per cent annually between now and 2020. File photograph: Karim Jaafar/AFP/Getty Images

Irish companies are targeting skilled workers abroad to fill 112,000 vacancies

Management at the Bausch + Lomb contact lens and eyecare group plant has said it will implement measures that will involve job losses if agreement on pay and conditions is not reached by the end of next week

Company counters Siptu plan for work stoppages and overtime ban with warning that jobs will be cuts

U2 singer Bono with Nuritas founder and chief scientific officer Dr Nora Khaldi, The Edge and Nuritas chief executive Emmet Browne. Photograph: Kieran Harnett

U2 members put cash into product geared to tackle Type 2 diabetes

Allied Irish Banks: “A whole generation of Irish investors were consistently urged to invest in ‘blue-chip’ companies such as the leading banks”, including AIB. Photograph: Eric Luke

Q&A: Dominic Coyle answers your personal finance questions

Pfizer had expected cholesterol drug bococizumab to deliver sales of almost $1 billion a year. Photograph: Dan Kitwood/PA Wire

Project promising 1,250 construction roles pulled after failure of key cholesterol drug

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