Quinns ‘personal bank’, the tax benefits of marriage and Ballyboden site
Business Today: the best news, analysis and comment from The Irish Times business desk
Fiona Reddan: Looking to save hundreds of thousands in tax over your lifetime? Get married.
Looking to save hundreds of thousands in tax over your lifetime?
Well, if you live in the UK and you cohabit with your partner, but don’t want to get married, you’ll soon be able to, thanks to the imminent passing into law of the Civil Partnerships, Marriages and Deaths Bill. If you live here in Ireland however, your only option to save on those tax bills is marriage. So says Fiona Reddan as she examines the consequences of not putting a ring on it.
Seán Quinn’s family used the Quinn Group as their “personal bank” and “raided” it for almost €2 billion to fund significant losses from investments related to shares in Anglo Irish Bank, property acquisitions and lifestyle expenses, the High Court has been told. Mary Carolan reports.
More people are in work than ever before and wages are at last rising in real terms. Somehow, writes Fiona Walsh in London Briefing, the message that the British economy is mired in a swamp of Brexit gloom and doom has not yet reached the jobs market.
A portfolio of 27 pre-63 properties – covering 213 residential units and three commercial assets in Dublin city centre – is the standout launch of the week on the investment market given its scale, quality and pure curiosity value. Justin Comiskey has the details.
The majority of Irish people believe the Government should make housing more affordable even if it means raising taxes, a survey by the Organisation for Economic Co-operation and Development (OECD) has found, reports Eoin Burke-Kennedy The study of 22,000 people in 21 OECD countries also suggests that more than two-thirds of Irish people list “financial security in old age” as a top risk.
A prime residential site in Dublin 16 is guiding more than €18 million through agent GVA Donal O Buachalla.The 3.4 hectares (8.6 acres), at Taylor’s Lane in Ballyboden, is being sold on behalf of the Order of St Augustine. A study of the site reckons it could facilitate up to 212 homes.
Former minister for finance Michael Noonan said on Tuesday he was confident Irish exporters will be “able to cope” under a no-deal Brexit. David Raleigh reports.