The complication in cross-border inheritances between Ireland and the UK are the differing rules on how tax is applied. Photograph: iStock

Q&A: Dominic Coyle

Mainstay Medical’s  ReActiv8 device for the treatment of chronic low back pain

Firm aims to bring its new therapy for chronic lower back pain to key US market

The study of 26 companies with defined-benefit pension schemes said their combined deficit had jumped from €2.6 billion in 2015 to €3.6 billion at the end of last year.

Diageo, CIÉ and Bank of Ireland have worst deficits in cash terms, study finds

The Irish Times is acquiring Landmark Media. which includes Irish Examiner, Waterford News & Star, Western People and Kildare Nationalist. Photograph: Dara Mac Dónaill

Business Today: the best news, analysis and comment from ‘The Irish Times’ business desk

Irish restaurant food supplies business bought by Centra and SuperValu owner Musgrave

Poland will line up against Ireland and Apple in the appeal over whether the US tech giant owes €13 billion in back taxes. Photograph: Jaap Arriens/NurPhoto

Business Today: the best news, analysis and comment from ‘The Irish Times’ business desk

By taking the property now as a gift, you are leaving yourself open to tax that you would avoid perfectly legally if you and your mum waited for your to receive the property by way of inheritance.

Dominic Coyle: Short-term solution could lead to a longer-term tax bill

Oxfam campaigners outside the Department of Finance earlier in 2017 to call on the Government to implement transparency where large companies make profit and pay tax. Photograph: Cyril Byrne

Debt and Development Coalition says State imposes tax losses on developing nations

Oxfam campaigners pictured outside the Department of Finance earlier this year, where they called on the Government to implement real transparency around where large companies make profit and pay tax.  Photograph: Cyril Byrne

Charity says corporate tax revenue losses are running at about $100 billion a year globally

Oxfam has published report ‘Blacklist or Whitewash’

'Blacklist or Whitewash' report comes ahead of Ecofin publication of tax haven blacklist

Taoiseach Leo Varadkar,American Chamber of Commerce Ireland president James O’Connor and Bryan Bourke, managing partner of William Fry giving former Irish ambassador to the United States Anne Anderson a standing ovation as she received a lifetime achievement award at the chamber’s Thanksgiving lunch at the Clayton Hotel, Burlington Road, Dublin. Photograph: Julien Behal

Taoiseach tells Thanksgiving gathering that corporation tax rate will not change, takes issue with US rumblings over trade deficit(...)

Apple is expected to move within weeks to deposit up to €14 billion in contested back taxes in an escrow account, the Taoiseach Leo Varadkar told the Dái. Photograph: Elijah Nouvelage/Reuters

Business Today: The best news, analysis and comment from ‘The Irish Times’ business desk

Minister for Health Simon Harris: “I want all of our citizens to have access to the newest, most innovative medicines that are out there . . . But not at any cost.” Photograph: Cyril Byrne

Simon Harris tells pharma firms they must reassess price models and profit expectations

Minister for Finance Paschal Donohoe says the Government will examine a tax loophole called the “Single Malt” which companies are now turning too after other structures were shut down in recent years. Photograph: Alan Betson / The Irish Times

Business Today: The best news, analysis and comment from ‘The Irish Times’ business desk

Multinationals have found a way of replacing the ‘Double Irish’ tax avoidance structure with a neat new arrangement called ‘Single Malt’.

Single Malt directs profits to countries with which Ireland has a double taxation agreement but that do not have any corporation t(...)

Sorley McCaughey, head of policy and advocacy at Christian Aid: Government must revisit the issue of the Irish tax system’s impact on developing economies

Christian Aid says impact of Irish tax laws on economies in developing world is significant

Class actions may not be legal in Ireland but that’s the approach favoured by Revenue

Business Today: The best news, analysis and comment from ‘The Irish Times’ business desk

US President Donald Trump speaks while holding up “Simple, Fair, ‘Postcard’ Tax Filing” cards as US house speaker Paul Ryan, a Republican from Wisconsin (left) and Representative Kevin Brady, a Republican from Texas and chairman of the house ways and means committee, react during a meeting in the Cabinet Room of the White House in Washington. Photograph: Olivier Douliery / Bloomberg

Tax expert says measures would hurt foreign multinationals with US affiliates and US companies that used ‘inversion’ deals to move(...)

Glanbia said it remains on target to deliver 7 per cent to 10 per cent earnings per share growth this year, excluding the impact of currency movements, as acquisitions drove growth in its key global performance nutrition (GPN) unit, which makes and sells protein shakes and bars.

Business Today: The best news, analysis and comment from ‘The Irish Times’ business desk

Dirt tax is  levied at 39 per cent – down from 41 per cent last year – and it doesn’t matter how low the level of savings are or the amount of interest that has been paid. Illustration: Getty

Q&A: Dominic Coyle answers your personal finance questions

AIB has been reviewing records under Central Bank supervision since the end of 2015. Photograph: Cyril Byrne

Bank admits error that led to repossession nearly three years ago in tracker mortgage review

A queue for unemployment benefit outside a social welfare office in Dublin. Photograph: Frank Miller

Q&A: Dominic Coyle answers your personal finance questions

AIB was issuing more than 30,000 mortgages a year in the three years up to 2008. According to the bank’s figures, between 10 and 14 per cent of its customers were on fixed rates. Photograph: Bryan O’Brien

Those on fixed-rate mortgages in late 2008 should have been able to transfer to tracker

Is this why there is a crisis? Developers say it’s now more expensive to build apartments than it is three-bed semi-detached houses.

Business Today: The best news, analysis and comment from ‘The Irish Times’ business desk

The Government intends to introduce a universal savings scheme to increase pension coverage among private sector workers.  Photograph: Alan Betson

State ranks 12th of 30 countries in Melbourne Mercer Global Pensions Index

Reader’s question: I have a joint account with my wife and approached AIB to query if funds might be held for legal process in the event in one of our deaths?

Q&A: Dominic Coyle answers your personal finance questions

The Government has promised reform of the State pension system from 2020 but only for people who start work from that date. Photograph: Getty Images

FF can’t be trusted, says Doherty, as it ‘took credit for everything else in the Budget’

Brexiteers are outraged after the OECD’s annual report on the UK forecast dire tidings for that economy if a disorderly Brexit becomes reality and suggested a U-turn on the issue could deliver an economic bounce.

Business Today: The best news, analysis and comment from ‘The Irish Times’ business desk

The issue of women’s pensions arose when Minister for Finance Paschal Donohoe took questions on a radio programme the morning after the budget. Photograph: Colin Keegan/Collins

Q&A: Grievance relates to ‘bonkers law’ that forced women out of jobs decades ago

Commercial stamp duty: the decision to triple it left readers scratching their heads. Photograph: iStock/Getty

Electric vehicles, welfare rates and personal tax changes also feature

An increase in excise duty on diesel was just one of several measures that had been widely expected to feature in Budget 2018 but which ultimately  got no mention. Photograph: Dan Kitwood/Getty Images

Minister silent on list of measures that Government and Department of Finance had flagged ahead of the budget

Minister for Finance Paschal Donohoe announced no change in the Help to Buy incentive for first-time buyers after a report by consultants Indecon found that abolishing the scheme now would create uncertainty and damage confidence in the housing market. Photograph: Alan Betson

Indecon found no evidence of increase either in prices or supply in first eight months of three-year programme

Profits are up at the Bord Gais Energy Theatre - good news for owners Crownway Entertainment and its shareholders, John and Bernadette Gallagher.

Business Today: the best news, analysis and comment from ‘The Irish Times’ business desk

Austrian Lawyer, Max Schrems, (right)  speaks to the media on leaving the Four Courts in Dublin on Tuesday.

Business today: the best news, analysis and comment from ‘The Irish Times’ business desk

Once you reach 80 per cent of the threshold, you need to notify Revenue even though no tax is due until you exceed the threshold. Photograph: iStock

The threshold depends on the relationship between benefactor and beneficiary

Paying CAT on US inheritance. (AP Photo/Charles Krupa)

Q&A: Dominic Coyle answers your personal finance questions

The European Medicines Agency, responsible for monitoring the safety of medical treatments, must relocate from London after Brexit. Photograph: Win McNamee/Getty Images

Report finds post-Brexit relocation carries ‘very real risks to public health’

A man works on CSeries aircraft wing in the Bombardier factory in Belfast. Photograph: Clodagh Kilcoyne/Reuters

Business Today: the best news, analysis and comment from The Irish Times business desk

Strictly speaking, the Revenue view is that either (a) no interest was charged and the interest is therefore a gift to you, or (b) the interest that should have been charged was taxable income for them.

Q&A: Dominic Coyle answers your personal finance queries

The 2017 Royal Hibernian Academy exhibition. Photograph: Aidan Oliver

This year’s RHA exhibition had sales of nearly €500,000, highest since before the crash

Minister for Finance  Paschal Donohoe: scheme would allow SMEs to compete with larger companies for employees. Photo: Gareth Chaney Collins

Accountants’ body urges Minister of Finance to address issue of share-based pay in budget

The IPHA said it supports competitive pricing in “post-patent markets” to allow the health service to invest in new medicines. Photographer: Daniel Acker/Bloomberg

Current rules allow adequate market access for biosimilar drugs, industry body argues

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

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