Direct Tax Implications of Receiverships, Examinerships & Liquidations
By Frank Murray, copyright Irish Tax Review.
Direct Tax Implications of Receiverships, Examinerships & Liquidations Article
The direct tax implications of liquidations, receiverships and examinerships can raise some unique issues for tax practitioners, and there are certain aspects of tax legislation in this area that can have penal tax consequences. However, there is often the potential to minimise tax liabilities where tax assets, e.g. losses, are identified and dealt with in a timely fashion.