Dominic Coyle

Dominic Coyle

Deputy Business Editor

Dominic Coyle is Deputy Business Editor at The Irish Times

Some of Facebook’s lobbying efforts in Ireland are revealed. Photograph: Dado Ruvic/Reuters
Salesforce lobbies on HQ; Irish success in Hong Kong; and Boeing still in a spin

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

Lauren Whelan (15) from Loreto Crumlin in Dublin has SMA with Spinraza activists protesting outside Leinster House in Dublin in September 2018. File photograph: Garrett White/Collins Photo Agency
HSE to consider funding Spinraza as NHS approves muscle-wasting therapy

Biogen, maker of drug to treat spinal muscular atrophy, drops price of medicine

In many cases, the National Centre for Pharmacoeconomics rules that new drugs are not value for money at the initial price sought by the pharma company. Photograph: Alan Betson
Pricing of medicines needs to be reformed, says IPHA president

Aidan Lyncht HSE should not be expected to pay for drugs that are not innovative

Gayle in the witness box, rising trade tensions; and loophole catching lawyers

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

Enduring power of attorney is a phenomenally powerful document. Photograph: iStock
How can I be sure an enduring power of attorney will follow my wishes?

Q&A: Dominic Coyle answers your personal finance questions

Cathal Friel, who has taken over as chief executive at Venn Life Sciences following an agreement to merge it with his company, Open Orphan. Photograph: Fennell Photography
Cathal Friel reverses Open Orphan into listed Venn Life Sciences

Clinical trials group issues profit warning alongside results ahead of merger

Cary Grace, chief executive of Aon’s global retirement and investment business. Photograph: Nick Bradshaw
Aon chief’s new angle on the importance of pensions

Cary Grace using psychologists to mark need for saving

Perrigo bought Elan eight months after the company had sold the Tysabri intellectual property.
Perrigo criticises Revenue move to reap back tax of €1.64bn

Tax bill linked to sale by Elan of its stake in multiple sclerosis drug Tysabri in 2013

Photograph: Courtpix
Sean Dunne’s assets, slower EU growth and the Shelbourne glitters

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

Haven Mortgages is prepared to consider such cases. Photograph: Alan Betson
First-time buyer Haven for couples where one partner has already had a mortgage

Q&A: Dominic Coyle answers your personal finance questions

Enduring power of attorney is a remarkably powerful instrument effectively giving someone else power to make decisions for a person when they are no longer capable of making those decisions. Photograph: iStock
Who must sign an enduring power of attorney?

Q&A: Dominic Coyle answers your personal finance questions

Photograph: Yui Mok/PA Wire
iPhone struggles, INM on the block, threat on tax and Karen Millen staff short-changed

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

A shopper carrying shopping bags. non-motor tetail sales grew at their fastest level in more than three years in March. Photograph: Dominic Lipinski/PA Wire
Windfall taxes, priced out of the docklands and dole for the self-employed

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

Is there any way a married person can independently apply for a mortgage? Photograph: iStock
Husband’s previous home bars us from help-to-buy scheme

Q&A: Dominic Coyle answers your personal finance questions

You are free to give your stepchildren up to €3,000 a year on top of any similar sum given to them by your husband. Photograph: iStock
Where does inheritance law leave stepchildren?

Q&A: Dominic Coyle answers your personal finance questions

Where there’s a will: an executor cannot be challenged for failure to move to settle the estate for the first 12 months after they have been appointed. This is called the executor’s year. Photograph: iStock
Can I force brother to show me our mother’s will?

Q&A: Dominic Coyle answers your personal finance questions

Greencore proposed the return of value to shareholders after selling out of its US business for $1.075 billion to American rival Hearthside Foods in a surprise move last year. Photograph: Cyril Byrne
Reward deferred for Greencore shareholders who snubbed buyback

Q&A: Dominic Coyle answers your personal finance questions

“I bought some UK shares some years ago, now worth €600,000, that cost me about €300,000.” Photographer: Matthew Lloyd/Bloomberg
Death will foil taxman on gain in winning punt on stock market

Q&A: Dominic Coyle

Misunderstandings and disputes over assets, gifts, inheritances and perceived preferential treatment have the capacity to tear families asunder.
How much interest must I pay the Bank of Mum and Dad?

Q&A: Dominic Coyle

Liberian nurses carry the body of an Ebola victim in 2014. Vaccines were not available to victims of the epidemic, lobby group Access to Medicines Ireland says. Photograph: Ahmed Jallanzo/EPA
Drug costs threaten to bankrupt healthcare, says lobby group

Access to Medicines Ireland seeks change in R&D approach of pharmaceutical companies

Photograph: iStock
Family torn apart by father’s enduring power of attorney

Q&A: Dominic Coyle answers your personal finance questions

Avectas cofounder and chief executive Dr Michael Maguire, with cofounder Dr Shirley O’Dea, chief scientific officer and business development director Dr Gillian Hendy. Photograph: Iain White/Fennells
Seamus Mulligan leads $10m funding for cell therapy start-up

Avectas has now raised $20m as it looks to unlock potential of personalised medicine

Pilita Clark says dads just want more time with their children.
Food service shortages, gala venues and a grim outlook for the UK

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

Ireland is, with France, the slowest of the wealthy western European states to approve payment for new medicines, according to a new survey by the industry.
Ireland compares poorly with Europe for access to medicines - report

Study examines access to 121 drugs approved since 2015 by EU regulator

Photograph: Frank Miller
How do we deal with VAT and capital gains on our rental property?

Q&A: Dominic Coyle answers your personal finance questions

All the bank did was to issue you with one new share for every 30 you previously owned. Photograph: Frantzesco Kangaris/Bloomberg
How has Bank of Ireland’s share swap affected my holding?

The good news is there is no question of your stake having been watered down

Tax cuts promised for the next budget could become the first victim of a disorderly Brexit, the ESRI has warned. Photograph: Jack Taylor/Getty Images
The price of Brexit, targeting tax havens and the price of your TV habit

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

If media reports are to be believed, many companies (and their investors presumably) have already priced in much of the anticipated disruption that is expected form a worst-case Brexit scenario
As no-deal Brexit looms, is now a good time to sell my shares?

Q&A: Dominic Coyle answers your personal finance questions

Windfall gains can be a double-edged sword to people on benefits. Photograph: Getty Images
Inheritance will hit welfare payments to brother with homeless past

Q&A: Dominic Coyle answers your personal finance questions

A Clerys deal, another fine for Google and what really brings happiness

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

About a billion packs of medicines cross the UK-EU border each year.
Drug companies warn of ‘hard Brexit’ risk to medicines in EU

Pharma chief says 45 million packs of medicines a month move from UK to EU

The US authorities expect citizens to file tax returns with details of their worldwide income, capital gains and any inheritances.
Tax options for Irish-American couple

Q&A: Dominic Coyle answers your personal finance questions

Derek Young, founder and chief executive of i360 Medical, which has signed a collaboration agreement with EU health technologies innovation hub EIT Health. Photograph: Dara Mac Donaill
i360 Medical signs collaboration deal with EIT Health

Derek Young’s group to identify breakthrough technologies in EU

There is no tax liability on any bequest to you from your former husband, so there are no legal grounds that I can see for your husband’s solicitor withholding 15 per cent of the bequest to cover tax
Bequest from separated former husband only partly paid

Q&A: Dominic Coyle answers your personal finance questions

As a general rule, you are not allowed do anything to artificially inflate a capital loss. Photograph: Nick Bradshaw
Foreign exchange and capital losses on property sale

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

Non bank lenders could squeeze mortgage rates.
In search of low mortgage rates, drug budgets and C&C goes to Cheltenham

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

Drugs developed by major pharma companies, including Pfizer, Amgen, AstraZeneca and Johnson & Johnson’s Actellion business, are among those that have now secured approval. File photo. Photograph: Simon Dawson/Bloomberg
Ten new medicines waited more than two years for HSE approval

Medicines generally blocked on basis of price as Ipha says delay ‘unacceptably long’

Photograph: iStock
Tax defaulters, rich lists, Brexit fallout and Amazon’s new home

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

If the house with the loss was your family home, you cannot offset the loss now or at any future time.
I’m selling two houses – one at a loss and the other at a big gain

Q&A: Dominic Coyle answers your personal finance questions

‘I am a first-time buyer and am looking to self-build a small two-bedroom home with my fiance on a small corner site.’ File photograph: Getty Images
Can I use a site as a deposit for a mortgage?

Q&A: Dominic Coyle answers your personal finance questions

Sam Bailey from Rathcoole, Co Dublin, his father Paul, mother Fiona and sisters Kayla and Sarah, protesting over the HSE’s decision not funding the drug Spinraza, outside the Dáil on Thursday. Photograph: James Forde
Shouting the loudest often proves the catalyst in a broken drug-approvals process

Spinraza is the latest in a series of controversial drugs that have put Ireland’s unique approval system in the spotlight

Spinraza activists protest outside the Dáil in Dublin. The drug is used to treat people suffering with spinal muscular atrophy. Photograph: Garrett White/Collins Photo Agency
Most new drugs for treating rare diseases not approved for sale in Ireland

Pharma body says less than one-third of medicines for rare diseases licensed for patients in Europe are available in the Republic

The High Court has ordered Roadstone to allow inspection of three Dublin quarries in the hunt for the source of pyrite that has damaged new homes. Photograph: Cyril Byrne
PTSB ready for fines; Roadstone inspections; and EU criticism of housing policy

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

France’s minister of the economy and finance Bruno Le Maire speaking at the Institute of International and European Affairs in North Great Georges St.Photograph: Alan Betson
PTSB’s profits soar; bad news for SMEs; and Brexit logic

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

Can the bank legally keep these deeds as the apartment is worth more than the loan on it? Photograph: iStock
We’ve cleared our mortgage but bank is holding on to deeds

Q&A: Dominic Coyle answers your personal finance questions

Pharmaceutical companies have rejected allegations that they are pursuing “predatory pricing” for new medicines. Photograph: Getty Images
Drug companies angry at allegation of ‘predatory pricing’

Row between industry and body that advises the HSE over access to market for new medicines

Perrigo says it believes a tax assessment issued last November for the year 2013 is incorrect as a matter of law. Photograph: Adam Bird/Bloomberg via Getty Images
Perrigo files for judicial review of €1.6bn Revenue tax bill

Revenue should not have issued notice of amended assessment of liability, firm says

Medtronic chairman and chief executive Omar Ishrak. He said Crospon was doing well. Photograph: Brendan McDermid/Reuters
Medtronic to close Crospon medtech plant in Galway

Leading medical device manufacturer says operations will move to other plants, including one in Galway

Lauren Whelan (15), from Lorretto Crumlin who is an SMA sufferer with Spinraza activists portesting outside the Dáil. Photograph: Garrett White/Collins
Drugmaker urges HSE to revisit pricing of muscle-wasting disease treatment

Health body has informed patients and Biogen it will not sanction use of Spinraza

Women continue to snub pensions in large numbers. Ann O’Keeffe, head of individual life and pensions at Aviva, describes the “largely stagnant” figure for women saving for retirement as “worrying”.
Women continue to snub pensions as a financial priority, study finds

Just 6% of respondents considered their pension a priority, finds research for Aviva

Phoenix acquired the insurance books of a number of companies that operated in the Irish market down the years, including Abbey Life and Standard Life.
Has my Abbey Life policy developed Phoenix syndrome?

Q&A: Dominic Coyle answers your personal finance questions

Datalex chief executive Aidan Brogan who has lost his chief financial officer after a matter of weeks. Photograph: Cyril Byrne
Barchester banker, Fitzpatricks walks, and Gove gives farmers the Brexit shivers

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

Thousands of Irish people will have up to €2bn in pension funds unlocked next month when the Budget 2019 increase in the State pension takes effect.
State pension rise unlocks billions of euro in savings

Increase will bring the full contributory State pension to €12,911.60 per annum

It is disconcerting that three different qualified legal specialists have given you three different answers. Photograph: iStock
How do I minimise tax liability on a house inherited from my aunt?

In your case, whether you receive it as a gift or an inheritance, the same CAT rules apply

Modernisation would generally be allowed against capital gains but, in the absence of receipts, I think you’ll find it hard to persuade Revenue. Photograph: iStock
What tax do I owe on a rental property I bought in 1987?

Brace yourself: there will be a fairly sizeable capital gains tax bill on this property

Pharmaceutical company MSD has submitted plans for a major expansion of its Carlow facility. Photograph: Brenda Fitzsimons
Drug giant MSD seeks permission for major expansion of Carlow plant

Company expects to add 170 jobs to 400-plus already working at manufacturing plant

Richard Pops, chairman and chief executive officer of Alkermes. Photograph: Patrick Fallon/Bloomberg
Irish drug firm Alkermes sees revenues rise 15% in Q4

Company reports 21% rise in sales to $1.09bn and reduced losses in 2018

An Taoiseach Leo Varadkar speaking at the European Financial Forum, in Dublin Castle. Photograph: Dara Mac Dónaill
Anglo rewind; Brexit betting and Johnny Ronan in Cherrywood

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

‘Revenue’s interest is to ensure that it collects the tax it is due from individuals and corporate entities.’ File photograph: Nick Bradshaw
Will a mislabelled bank transfer come back to haunt me?

Q&A: I am concerned it may be considered income to me if it is noticed by Revenue

My pension fund charges are higher than the investment return

Q&A: Dominic Coyle answers your personal finance questions

Shot of drug bottles on a conveyor. iStock
State fails to save millions on HSE medicines bill

Lobbyists call for extending use of cheaper ‘copycat’ drugs where available

Any gift of a share in the property would count towards the lifetime limit of tax-free gifts and inheritances.
Selling a property I bought with my sister

‘Would there be capital gains tax on my sister’s portion?’

Greencore had committed to buying back just under 37 per cent of any shareholder’s holding. Photograph: Cyril Byrne
Will Greencore buy back all my shares and when will I get paid?

Share buyback follows exit of convenience foods producer from US market

Mortgage dilemma, food for thought, and a €10m insect farm

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

Greencore chief executive Patrick Coveney at the company’s agm. Photograph: Cyril Byrne
Greencore’s £509m share buyback offer oversubscribed

Sandwich group offered return of value to shareholders after sale of US business

Facebook beat expectations with its latest results. Photograph: Loic Venance/AFP/Getty Images
Corruption inquiry in South Africa, Lane for the ECB; and a fivefold return for investors

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

Sterling wobbles, Apple’s stumble and Greencore’s Brexit airlift

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

Having sold off its US business unexpectedly, Greencore has decided to return to shareholders £509 million (about €580 million) of the €93 million it got in that deal.
Will I make a profit on the Greencore share buyback?

Rights issues and a share split complicate calculation of shareholding value

With a properly constructed will a son or daughter can avail of the dwelling house exemption on the family home while also inheriting a share of a holiday home. Photograph: Nick Bradshaw
Don’t fall foul of rules on dwelling house exemption

Q&A: Dominic Coyle

Greencore: The share buyback means you either sell out some or all of your interest, or give up the chance to benefit from the return of capital following the company’s sale of its US operations. Photograph: Cyril Byrne
Special dividend vs share buyback at Greencore

Q&A: Dominic Coyle

Planning a marathon? There’s a new Irish app for that.
Donohoe defends his budget; crowdfunding failure; and Digicel’s challenge

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

Greencore is asking shareholders to either accept or reject a tender offer for their shares. Photograph: Dara Mac Dónaill / The Irish Times
Greencore’s tender offer – what does it mean for me?

Q&A: Dominic Coyle

Men are also nearly 50 per cent more likely to be offered membership of a bonus scheme, and more likely to be offered health insurance and income protection. Illustration: iStock
Work perks: men more likely to get bonuses, women flexitime

A survey of employee benefits shows a gender divide in the nature of perks offered

John Stapleton: “They still kind of think, ‘well I still don’t know what form of Brexit it’s going to be, so I’ll just wait and see until it happens and then I’ll get ready’.” Photograph: Alan Betson
John Stapleton: Food king's recipe for success

The serial food entrepreneur who invented fresh chilled soup worries that UK business is not ready for Brexit

Revenue has tightened the rules significantly regarding the dwelling house exemption. Photograph: iStock
Gifting property to my son

Q&A: Dominic Coyle

Investing in and carrying out the necessary work on a “doer-upper” for onward sale is a complex enough issue. Photograph: iStock
Taxing questions on undeclared ‘doer-upper’ in Romania

Q&A: Dominic Coyle

The dwelling house exemption allows someone to inherit a property tax-free provided that they have lived in it for three years before the homeowner’s death and that it was the main home of the person who has died. Photograph: iStock
Revenue opts not to appeal court ruling on dwelling house relief

Decision opens door for refunds but not everyone will benefit

The bill relates to the sale in 2013 of rights to the company’s blockbuster multiple sclerosis drug Tysabri.
Shares in Perrigo slump to 9-year low

Company confirmed it faces Revenue demand for €1.64bn in back taxes

If a son or daughter dies before a parent, their inheritance from the parent will become part of their own estate.
What happens terminally ill son’s inheritance from mother?

Mother’s estate will be divided in accordance with the will she has made

Revenue had made it clear that new tax treaties meant it had access to foreign tax records in a way it never had before. Photograph: Nick Bradshaw
Who needs to worry about offshore assets?

Revenue is pursuing those who failed to take advantage of amnesty on disclosure

You will not be allowed to go back and pay now PRSI stamps that were missed for whatever reason 12 years ago, not least as you have since retired. Photograph: iStock
Short trip abroad cost me a non-contributory pension

Q&A: Dominic Coyle answers your personal finance questions

Inheritance tax is a self-assessed tax in Ireland and not really an issue for an estate agent. Photograph: iStock
UK tax rules on an Irish inheritance from my mother

Q&A: Dominic Coyle answers your personal finance questions

In this case, your mother effectively handed over ownership of the property to you with what is called a right of residence. Photograph: iStock
Mother’s right of residence and my tax bill

Q&A: Dominic Coyle answers your personal finance questions

The minimum your daughter would need for a State pension is 10 years of social insurance/PRSI payments. That would give her a pension equivalent to 25 per cent of the prevailing full pension
Will Nepalese charity work cost the chance of State pension?

Q&A: Dominic Coyle answers your personal finance questions

Poor pension coverage among some workers has contributed to scepticism about superannuation schemes. Photograph: Bryan O’Brien
Pension regimes struggle to gain trust of workers, says OECD

Governments must encourage better pension coverage and simplify communication

Among the publicly quoted companies, Bank of Ireland’s pension hole of €478 million is the largest.
Defined-benefit pension plans’ progress slips in last few months

Major plans eroded their deficits in early 2018 but tumbling markets take toll again

Budget blues; no Amigo; and keeping the price down on broadband

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

In cases where contributions are missing from a social insurance record, Welfare will ask for any evidence – payslips, P60s, etc – to show that PRSI payments had been deducted.
Challenge Welfare on those missing PRSI payments

Law provides for investigation in cases where contribution records go missing

The announcement follows the acquisition of Genomics Medicine Ireland by Chinese genomics specialists WuXi Nextcode for an undisclosed sum. File photograph: Getty Images
Genomics research: Chinese group to lead $400m investment

Genomics Medicine Ireland intends to recruit 600 people over the next five years

“You will have close to somewhere between 43 and 44 years of social insurance coverage – assuming you do keep working up to 2024.”
Will home caring credits get me a full pension?

Government plans to allow up to 20 years’ credits for time taken to care for family

“Everyone is allowed a principal private residence so I would expect that Revenue would be happy that, for the brief period you owned it, this was your family’s principal private residence.”
Inheritance of father’s home will not create tax charge

House valuation of €140,000 is well below inheritance tax threshold

Government plans for mandatory pensions are likely to disappoint, the Society of Actuaries has said.
Saving plan for mandatory pensions could lead to poor return, say actuaries

Industry professionals join unions in concerns over age limits and State contribution

Brexit warning; sidestepping housing crisis; and future’s bright for airlines

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

Ireland needs an influx for foreign workers if it is to have any hope of meeting the 30,000 target for new homes to be delivered every year says the ESRI.
Rent challenge; relying on foreign workers; and top market rents on the docks

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

For anyone retiring after 2020, the pension eligibility will be worked out on a simpler basis than now – the total contributions approach. Photograph: iStock
Rearing a family and access to the State pension

Q&A: Dominic Coyle answers your personal finance questions

Inflazome chief executive Prof Matt Cooper with co-founder Prof Luke O’Neill (centre) with Fountain Healthcare Partners managing director Dr Manus Rogan (left) and and Dr Jeremy Skillington, vice-president of business development at Inflazome. Photograph: Nick Bradshaw
Irish biotech Inflazome in €40m fundraising

Inflazome in one of the largest European biotech fundraisings this year as it targets range of serious inflammatory diseases

Shares in Mainstay Medical, the Irish medical device company targeting chronic back pain, crashed to record lows after a key clinical trial failed.
Shares crash as Mainstay back pain device fails clinical trial

Company insists other data support case for its implanted electrical stimulation device

Irish residents paid almost €3 million in unpaid taxes and penalties on properties in the British Virgin Islands
Revenue nabs 190 Irish residents for hidden offshore assets

Hunt for offshore evaders was announced last November as amnesty window closed

European Commission officials said signs of overheating could become more apparent in the Irish economy going forward”. Photograph: Aidan Crawley
Post-bailout inspectors warn of risks to growing economy

EU team cites Brexit, tax and trade as four-day mission to Dublin concludes

Ciarán Murray, chairman and former CEO of Icon. Photograph: Dara Mac Dónaill
Ciarán Murray – an Icon of leadership in pharma sector

Ex-CEO of clinical trials firm honoured for impact on Irish industry

More articles