private matters march 2016


Deloitte Private Matters

March 2016 edition

In the latest edition of Deloitte Private Matters, you will find insightful Deloitte commentary on a wide variety of topics including the Summary Approval Procedure under the Companies Act 2014. This month we also feature articles on farming partnerships and corporate restructuring, as well as an update in relation the Irish construction sector. We also include the first of a three-part series of articles on the impact of the BEPS Project for private clients.

At Deloitte Private, we understand that establishing, maintaining and growing a business in today’s challenging environment brings with it a whole range of complex issues. Deloitte Private Matters focuses on the priorities of private companies, family businesses, individuals and not-for-profit organisations in Ireland.

Summary Approval Procedure – Companies Act 2014

In the December edition of Deloitte Private Matters, Tara Keaney provided a useful summary of the duties and obligations of company directors under the Companies Act 2014. Now, George Alton sets out some of the key points to be considered in relation to the Summary Approval Procedure under the new Act.

BEPS from a private client perspective – Part 1: Transfer Pricing

In the first of a three-part series of articles, James Smyth outlines the relevance for private clients of the proposed changes to transfer pricing rules resulting from the OECD’s final reports on the BEPS Project.

Irish construction sector continues to see growth

Vincent Sorohan provides an update on the continued revival of the Irish construction sector, as well as some considerations for the way forward.

Family partnerships and farming partnerships

Finance Act 2015 introduced the concept of the “succession farming partnership” in order to promote the early transfer of farm assets to the next generation. Julia Hussey examines the taxation benefits offered by this new structure, as well as the existing registered farming partnership structure. The basis for any partnership is a well-drafted partnership agreement and Julia sets out some of the key clauses that should be included in the farming partnership agreement.

Company directors and restructuring opportunities

The window of opportunity to take advantage of restructuring arrangements in difficult times is brief and company directors often fail to take action until it is too late to do so. In this edition of Deloitte Private Matters, David van Dessel considers the impact made by ‘examinership lite’ on the Irish corporate landscape and how directors can successfully contribute to the survival of their companies. 


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