Mark Kennedy, managing partner at mazars, who is calling for more investment in the regions and less focus on debt repayment.

Mark Kennedy says EU could grant Ireland some wriggle room on debt repayment

Q&A: Should I keep putting the child benefit in An Post Childcare Plus account?

Home purchase is one of the biggest investments in our lives. Photograph: Getty

Q&A: Dominic Coyle answers your personal finance queries

Amryt Pharma has reported a sharp rise in sales for the six months to the end of June as the company became a commercial pharmaceutical business. Photograph: Getty

Company starts phase III trial for ‘butterfly skin’ disease

Photograph: PA wire.

Q&A: Dominic Coyle answers your personal finance queries

Deal has delivered second windfall for Irish businessman John Stapleton

Pharmaceuticals: Brexit could create “significant problems” as drug companies are forced to comply with two separate regulatory regimes. Photograph: Akos Stiller/Bloomberg

Pharmaceutical companies also warn of higher costs for HSE

Unit funds are treated as investment undertakings and, assuming they were acquired since the start of 2001, are subject to exit tax. File photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

The problem is that our banks – deeply scarred by the crash – are still very cautious in their lending. Photograph: Cyril Byrne

Q&A: Dominic Coyle: Can we help him with cash gifts without tax implications?

Marriage revokes a will made before that point, but divorce does not. Photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

When investing, it is important to take account not only of the gross return but also of any taxes that might apply that would reduce this return. Photograph: iStock

Q&A: Dominic Coyle answers your personal finance questions

 Ireland’s medicines bill has been “relatively stable” at around €1.7bn   for the past five years. Photograph: PA Wire

Industry blames State policy for problem with cutting Ireland’s medicine bill

Paddy Power Betfair announced the unexpected departure of chief executive Breon Corcoran this morning after unconfirmed weekend reports on a hunt for a successor. Photograph: PA Wire

Departure of executive seen as crucial element of successful merger of Paddy Power and Betfair sees shares slide up to 8.6%

Senior officials have raised the prospect of abolishing relief on family homes from capital gains tax when they are sold. Photograph: iStock

Move is among tax reform options put forward by Department of Finance group

The Irish Financial Services Centre: 15 of the world’s top 20 banks now have operations in Ireland. Photograph: Matt Kavanagh

More than 15 financial firms planning to come to Ireland or expand existing sites

Minister for Health Simon Harris: has asked that the issue of funding of high-tech drugs be resolved as a matter of urgency. Photograph: Dara Mac Dónaill

Medicines approved for use, but funding row means patients cannot access drugs

The ECB is interested in how pension fund money is invested – in which countries, for how long and in which sectors of the economy.

Details of every stock, bond or other investment held by pension funds will have to be recorded

New rules protect people living in the family home when parents die

Taxes can be claimed back, but there is a limit to how far back you can go

 A protest at the Dáil in March over delays in securing approval for Orkambi drug therapy for people with cystic fibrosis in Ireland. Following the campaign, the Minister approved funding of the drug therapy. Photograph: Alan Betson

Move seen as a way for Department of Health to distance itself from rows over drug funding

Your grandfather is essentially looking to advance you a loan for the purchase of the site. Photograph: iStock

The main thing is to make sure the site he is selling you is properly valued

“The funds include a €120,000 loan from an Italian bank.” Photograph: iStock

I’m worried Revenue will come knocking on my door to verify the nature of the funds

Nine medications are currently stalled at the desk of the Minister for Health even though they have been approved for use by the Health Service Executive

Drug companies told there is no budget and no plans for supplementary health budget

UK Brexit secretary David Davis. Photograph: Jonathan Brady/PA Wire

Industry urges UK and EU to grasp importance of ongoing co-operation on drugs

Tom Parlon, CIF director general, has urged the Government to retain the Help to Buy scheme for first-time buyers. Photograph: Dara Mac Dónaill

Construction group says residential building has been made more viable by incentive

Pension coverage, particularly in the private sector, is low

Longer lives and low pension cover mean retirement may not equal serenity

Spanish holiday home: If you earn no income from the property, there is no tax issue. And the issue of a capital gain will only arise when you eventually sell it on.

Q&A: Dominic Coyle answers your personal finance questions

Q&A: Dominic Coyle answers your personal finance questions

Sources in the pharmaceutical sector say a further 14 novel drugs were coming through the approvals system but there appeared to be no scope in the medicines budget to pay for them

Industry group calls for a radical overhaul of medicines policy in Ireland

  Minister for Health Simon Harris: he listed nine drugs in the Dáil  that were awaiting decision and noted that extra Government funding had been found for two others – Orkambi/Kalydeco and  Ibruntinib –  since the introduction last year of a new  agreement. Photograph: Gareth Chaney Collins

Minister for Health may seek Cabinet support to seek €120m to break drugs logjam

The most generous contributors to HSE hospitals last year were Abbvie and Pfizer, two of the largest pharmaceutical companies in the State.

Payments cover sponsorships, event fees, donations and grants to 33 HSE hospitals

The rules of the help-to-buy scheme are clearly defined in legislation. The basic intention is that it helps first-time buyers meet the deposit requirements for buying a home.

Q&A: Law does not provide for cash sum for people who put up deposit ‘in kind’

What tax do I pay to Revenue on a US bequest?

Q&A: Dominic Coyle answers your personal finance questions

Since 2014, people who pay PAYE have had to  pay PRSI on income – such as rental income, dividends, bank interest, etc – that previously had been outside the PAYE net.

Q&A: Since 2014, PAYE taxpayers’ ‘unearned income’ has come under revised rules

Just how much tax your relative would have to pay depends on the precise nature of the relationship and the thresholds in place at the time the inheritance takes place. Photograph: Getty Images

Q&A: Dominic Coyle answers your personal finance questions

Announcing a new investment in University of  Limerick spinout Altratech were (from left): Niall Olden, managing partner at Kernel Capital, Altratech chief executive Dr Tara Dalton,  co-founders Dr Brian Farrell and Dr Tim Cummins, and Cyril McGuire, chief executive of Infinity Capital.

Kernel Capital and Infinity Capital invest in Clare company aiming to tackle infectious diseases

The current tax-free cap on inheritances/gifts from parents is €310,000. A reader plans to put this towards a house purchase.

Q&A: Dominic Coyle

The new health centre, which involves the refurbishment of an existing office building, will be let to a number of GPs as well as providing space for the HSE and for a pharmacy.

British-listed firm’s Irish portfolio worth about €50m

AIB: The bank’s shares were trading at €9.20 last week. At that level, the bank is seen by investors to be worth €24.97 billion. Photograph: Cyril Byrne

Q&A: Dominic Coyle answers your personal finance questions

Medical device giant Medtronic has reported 13 per cent growth in profits for the full year to end-April. Photographer: Munshi Ahmed/Bloomberg

World’s biggest standalone medical device group increased sales in all business segments

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

More articles