Pro-remain protesters take part in a rally rejecting UK prime minister Theresa May’s Brexit deal on Tuesday. Anti-Brexit groups ‘Best for Britain’ and ‘The People’s Vote Campaign’ are holding a joint rally tonight to call on MPs to say they are not buying the Prime Minister’s Brexit deal. Photograph:  Jack Taylor/Getty Images

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

Aryzta chief executive Kevin Toland and chairman Gary McGann attend the company’s annual shareholder meeting in Switzerland last week. Photograph: Arnd Wiegmann/Reuters

Hundreds of former IAWS investors effectively locked out of €790m rights issue

Andrew Fein, an analyst at HC Wainwright, said the mineral oil controversy was “temporary noise that has been given an oversized weight by the bears”. Photograph:  Hugh Macknight/PA

Analysts bullish on prospects of Irish firm’s fish oil drug Vascepa as blockbuster therapy

Contact lens manufacturer Bausch & Lomb has announced an expansion of its production facilities in Waterford

Production lines for new lenses will create 100 jobs over the next four years

Rates charged under the Fair Deal scheme essentially come down to purchasing power. Photograph: Getty Images

State is in a position to negotiate better rates than those paid by private patients

“While the initial intention was that you would be given the property, that has now changed. Who is to say it might not change again?”

It makes sense to adopt a business approach when making large financial decisions

Amarin chief executive John Thero: detailed results for fish-oil drug Vascepa confirm initial figures for its success

Some concern over neutrality of placebo and whether it might have boosted Vascepa data

“I anticipate that the first review outcomes will be notified to pensioners in early 2019,” Minister for Employment Affairs Regina Doherty said. Photograph: iStock

Over 70,000 will get letters, and no payments will be reduced as a result of review

Minister for Health Simon Harris said pharmaceutical companies might be “reluctant to commit to significant expenditure to address issues that may, or may not, arise”. Photograph: Aidan Crawley

Companies say they are working actively to prepare for worst-case Brexit scenario

IPHA president GSK’s Aidan Lynch (centre); IPHA vice-president Paul Reid (Pfizer); and Bayer’s Itziar Canamasas with the Manifesto for Better Health ahead of the IPHA annual conference on November 8th. Photograph: Justin Mac Innes

Irish industry’s chief looks for partnership as he admits trust is lacking

Traders work on the floor of the New York Stock Exchange. Shares bounced on the last day of October,  softening the blow of what has been a grim month. Photograph: Justin Lane/EPA

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

Revenue has   tightened the rules significantly when it comes to inheriting a property   free of tax. Photograph: iStock

Q&A: Dominic Coyle

Ivan Coulter: “This is a company with fantastic potential.” Photograph: Dara Mac Dónaill

Atxa Therapeutics is targeting pulmonary arterial hypertension

A cash inheritance  of €150,000 is below the €320,000 tax exempt threshold applying for a child inheriting from a parent, and therefore incurs no tax bill.

Inheriting €150,000 along with a house still leaves son outside tax net

Whan calculating capital gains tax on the sale of a property, you are allowed deduct the costs of buying or selling it.

Capital gains tax indexation up to end of 2002 takes some sting out of tax bill

A group of revellers reflected in a womans sunglasses as crowds arrive for the Electric Picnic festival in Stradbally, County Laois. Photograph: Niall Carson/PA

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

Victims of the hepatitis C blood contamination scandal and Magdalene Laundry survivors will not pay tax on their compensation payments under previously unannounced measures in the Finance Bill. Photograph: Dara Mac Dónaill

Government’s Finance Bill provides tax relief for victims while closing other loopholes

 Fiona Reddan examines why affordable housing isn’t working in her new column. Photograph: Rui Vieira/PA Wire

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

The Saudi Arabian flag is seen behind barbed wire as it flies on the roof at the Saudi Arabian consulate in Istanbul. Photograph:  Ozan Kose/AFP/Getty Images

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

Siro was one of three shortlisted bidders for the troubled National Broadband Plan (NPB) tender but pulled out in September 2017. Photograph: Andrew Matthews/PA Wire

ESB/Vodafone joint venture at ‘advanced’ stage in bringing broadband to 11 more towns

Predictably, housing was at the top of many readers’ minds when they contacted our online Budget 2019 Q&A. Photograph: iStock

Readers seek detail on a wide range of subjects despite the absence of surprises in speech

Minister for Employment Affairs and Social Protection Regina Doherty said “good progress” was being made preparing for the reviews of pensions announced by the Government earlier this year. Photograph: Cyril Byrne

Pensioners to receive letters at end of month explaining how the new rules will affect them

John Thero: “We’re taking the approach of make it [Vascepa] affordable, and hopefully we can help millions of patients and make some money along the way”

After several false starts, way is clear for John Thero to take Vascepa cholesterol drug to market

The pharmaceutical industry has urged the Government to introduce “predictable multi-annual budgeting” for breakthrough medicines in the budget process.

Pharmaceutical sector urges faster access to markets and sharper focus on innovation

Almost half of those with no private pension say they intend to rely on the State pension for their income in retirement. Photograph: iStock

Aviva warns that poverty looms for many as personal financial commitments continue

Property developer Sean Dunne, who faces another 10 years in bankruptcy following a High Court hearing. Photograph:  Collins

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

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

Venn Life Sciences chairman Allan Wood says that investment in business development should deliver an improved order book in future.

Clinical trials group falls to a loss but is optimistic for the future

‘Children receiving gifts or inheritances from their parents fall into category A.’ File photograph: Getty Images/iStockphotos

Q&A: Has our lawyer led us astray when it comes to providing for our new family?

Analysts said Amarin could now expect sales of up to $2.7 billion annually for a drug that currently brings in $230 million in revenue. Photograph: iStock

Company’s Vascepa drug proves effective in reducing risk from stroke and heart attack

Only 15 per cent of Irish people questioned feel confident now about their financial position in retirement.

Survey also finds that 40 per cent plan to do some part-time work in retirement

The RHA exhibition featured 416 Irish and international artists. Photograph: Aidan Oliver Photography

Royal Hibernian Academy event seen as a barometer for wider Irish art market

The ReActiv8 unit is designed to treat disabling pain in patients with chronic lower back pain through the use of an implant that stimulates nerves to strengthen muscles in the lower back

Company awaits data as it looks to roll-out ReActive8 device to patients in the US

Some 650 call centre staff working with HCL are threatening industrial action after being told they must either relocate or face “derisory” redundancy packages. Eir is taking the customer service work back in-house. Photograph: Alan Betson / The Irish Times

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

Offaly man John Lyttle has just been named CEO of the Boohoo online retail group

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

Revenue, they are likely to look askance at 2009 losses they have never heard of suddenly appearing on a tax return.

Losses must be declared for Revenue to track them if they are being offset against gains

Pfizer is one of four pharma companies – along with Abbott, Johnson & Johnson (J&J) and Merck –  examined in the report ‘Hard to Swallow: Facilitating Tax Avoidance by Big Pharma in Ireland’. Photograph: Tom Bergin/Reuters

Aid agency says pharma giants are using system to deprive countries of €100m a year

Revenue will consider any of your assets as fair game for assessing inheritance tax.

The source of money in joint names determines the issue of tax liability

Minister for Finance and Public Expenditure & Reform Paschal Donohoe with  Mary Rose Burke, chief executive of Dublin Chamber, and Prof Mike Danson from Herriot Watt University at the Dublin Economic Workshop. Photography: Conor McCabe

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

Minister for Health Simon Harris. The Department of Health papers note that “a key issue for health agencies, where unfunded pension liabilities are recognised, is the absence of a matching pension asset”. Photograph: Brian Lawless/PA Wire

Voluntary providers could receive court orders if they continue with current practices

Bank of England governor Mark Carney has delivered a “chilling” warning to Theresa May’s cabinet that a no-deal Brexit could lead to economic chaos. Photograph: Daniel Leal-Olivas

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

 Eva Milka of Gaelic Escargot, the snail farm and business she runs with her partner Eoin Jenkinson in Co Carlow. Photograph: Bryan O’Brien

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

 There are certain immutables in retirement options in the public service, and one of those is that your start date in the public service is the day you started – regardless of your changing status. Photograph: Getty Images

Q&A: Dominic Coyle answers your personal finance questions

Even though they are exported from Ireland for use in other European countries, five drugs manufactured in Ireland for the treatment of cancer and heart disease are not sanctioned for use here.

Pharma companies says drugs being exported to European markets but are not approved here

Chanelle founder and owner Michael Burke: “We’ve doubled turnover in the last five years, and expect to double turnover again within the next five years.” Photograph: Michael Dillon

Loughrea-based Chanelle Group announces further €86m expansion even as Tánaiste opens latest €10m investment

Independent News & Media chief executive Michael Doorly (left) with retiring chairman Lesley Buckley at the company’s EGM earlier this year. Photograph: Brenda Fitzsimons

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

It could be you? The National Lottery is selling almost 10 per cent of all tickets online now. Photograph: Nick Bradshaw

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

Two members of the Manchester fire department in New Hampshire assess the condition of a man who had overdosed on heroin and who was revived with two doses of Narcan. Photograph: Don Emmert/AFP/Getty Images

US opioid crisis helped growth of overdose rescue drug marketed by Adapt Pharma

 A man administers Adapt Pharma’s rescue drug Narcan as they try to revive a man who overdosed on heroin . The man later came to and was taken to the hospital. Photograph:  Spencer Platt/Getty Images

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

An overdose rescue kit featuring nasal spray and injectable Naloxone at a demonstration in New York. File photograph: Getty Images

Adapt Pharma’s Narcan spray used in the front line of opioid crisis in United States

A man administers Adapt Pharma’s Narcan as they try to revive a man who overdosed on heroin in Philadelphia. The man later came to and was taken to the hospital. Photograph:  Spencer Platt/Getty Images

Adapt Pharma sold to US group Emergent Biosolutions as US opioid crisis drives demand

Kandy Therapeutics is  set to advance trials on a drug it believes could help women deal with hot flushes and night-time sweats linked to menopause. Photograph: PA Wire

Irish healthcare venture capital group Fountain among backers of HRT alternative

The dwelling house exemption can enable someone inheriting a home to avoid  inheritance tax.

Q&A: Tax implications highlight importance of making a will

There is no obligation to provide for non-dependant children in a will.

Q&A: Position of children of direct descendants clear under Succession Act

Pensions consultants Mercer have raised alarm at indications that the Government might reduce tax relief on retirement savings.

Consultants Mercer also opposes exclusion of close to 700,000 workers from auto-enrolment scheme

Under the proposal, all PAYE workers between the ages of 23 and 60 earning more than €20,000 will be automatically enrolled in a pension in 2022 if they are not already signed up to a scheme. Photograph: Krisztian Bocsi/Bloomberg

State, employers and workers will all contribute to proposed scheme from 2022

The number of homes built in the second quarter was up 34 per cent on this time last year, but it is still far short of demand. Photograph: Rui Vieira/PA Wire

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

Capital gains is a self-assessed tax – the Revenue relies on you being honest in submitting your claims and liabilities.

Q&A: If there is no profit, the issue of capital gains tax does not arise.

Anthony Smurfit CEO (left) of Smurfit Kappa Group, and Liam O’Mahony, chairman, pictured at the company AGM in Dublin earlier this year.

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

Irish international polo player Siobhán Herbst (astride horse) with colleague April Kent: Ms  Herbst is running what she says is Ireland’s largest polo event, for charity, in Phoenix Park.

Siobhán Herbst creates equine firm to supply alternative to dear Argentine bloodstock

The Health Service Executive says it has approved six cancer therapies this year and 24 since the start of 2016.

Cancer strategy targets ‘to be missed’ if new generation drugs not backed by Government

Bruce Cozadd, chief executive and chairman of Jazz Pharmaceuticals, which saw its shares fall more than 6 per cent overnight as it lowered full-year guidance. Photograph: Dara Mac Dónaill

Irish drug group reports 27% rise in sales but profit slips and supply disruptions remain

Iranians walk by mural painting of the founder of the Islamic Republic Ayatollah Ruhollah Khomeini on the wall of the former US embassy in the Iranian capital Tehran was US President Donald Trump warned countries against doing business with the country. Photograph: Atta Kenare/AFP/Getty Images

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

Once you become an executor to a person’s estate, you are answerable for life for any actions taken as executor.

Q&A: Executors can be made personally liable for loss if negligent

There is nothing in the legislation to say you have to go to a registered contractor for your self-build. Photograph: iStock

And can I use Help to Buy scheme to help me with my deposit for the mortgage?

Drug companies have warned against moves to weaken protections for intellectual property  rights in Europe. Photograph: Getty Images

EU states expected to discuss plans to loosen restrictions on manufacturing by generics firms

K Club owner Michael Smurfit has been subpoenaed to appear at the High Court. Photograph; Dara Mac Dónaill

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

Medicines for Ireland says the generic substitution and reference pricing regime has delivered savings of €1.6 billion to the State since 2013. Photograph: Russell Boyce/Reuters

Spending on high-tech drugs almost doubles to over €660m in nine years

Minister of State Pat Breen with Lauren Blake, software test engineer at BD, at the formal opening of the medical device company’s new centre of excellence in Limerick. Photograph: Liam Burke/Press 22

Medical device firm with 54-year history in Ireland officially opens centre of excellence

According to research, on average people start saving for retirement aged 37 – too late, Irish Life says. Photograph: Getty Images

Report says sector needs to make pensions more accessible and understandable

The ReActiv8 unit is designed to treat disabling pain in patients with chronic lower back pain through the use of an implant that stimulates nerves to strengthen muscles in the lower back

Group completes back pain neurostimulator implants in all 204 patients enrolled in test for device

“We need the house sold but it seems to be a huge cost involved if we employ a solicitor barrister.”

Sibling reluctant to vacate family home after death of parents causes much angst

Two of the three main depositaries for Revenue-sanctioned SAYE schemes are based in England. Photograph: Getty

Over 10,000 Irish employees face being left out of pocket on save-as-you-earn schemes

The K Club golf resort in Straffan, Co Kiladare is named as a defendant in a High Court case over an alleged threat made to a former employee. Photograph: Alan Betson

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

Photograph: iStock

Society of Actuaries rejects idea for SSIA-type scheme as way to make pensions accessible

The Category A tax threshold on inheritances and gifts has absolutely no bearing on dwelling house relief. Photograph: iStock

Confused over whether daughter will pay tax if we leave her our home

It’s difficult enough to get on the housing ladder these days without lenders putting unnecessary barriers in the way. Photograph: iStock

My girlfriend’s dad wants to give her €35,000 towards a house but the bank says tax is due

The Irish Pharmaceutical Healthcare Association says the Government accepts that its medicines bill has been “relatively stable” at about €1.7 billion for the past five years. Photograph: Cyril Byrne

Government to save €15m this year as prices fall across 750 drugs

Is a slowdown in house price growth in sight? Photograph: Rui Vieira/PA Wire

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

Tommy Nielsen, chairman of the Association of Pension Trustees in Ireland: Complexity, he argues, is a defence for paralysis at the Department of Social Protection

Government plan for public consultation on auto-enrolment a ‘deflectionary tactic’

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

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