BobbyFowler
Registered User
- Messages
- 328
I've asked a question before that led on to the option of making myself redundant. I'm selling my Ltd Company at the moment. I'm the Sole Employee. Various Posters have said that a tax efficient way of getting money out of the company is to make myself redundant before selling.
http://www.revenue.ie/index.htm?/leaflets/it21.htm
Another of the posters mentioned that given my situation, it's not as straightforward as I might expect.
I've contacted Revenue & the Department of Enterprise Trade & Employment but have not got a definitive yes or no as to whether it's possible. My understanding from talking to Revenue that it is the DETE who I should be talking to.
I've explained to the guy who's looking to buy the business, what I'm looking to do. He's not to happy as he's been told by his sources that it's not possible.
Has anyone done this before or have any more info? My main concern is that I'm emigrating & will be out of here on the 6th of July.
http://www.revenue.ie/index.htm?/leaflets/it21.htm
Another of the posters mentioned that given my situation, it's not as straightforward as I might expect.
I've contacted Revenue & the Department of Enterprise Trade & Employment but have not got a definitive yes or no as to whether it's possible. My understanding from talking to Revenue that it is the DETE who I should be talking to.
I've explained to the guy who's looking to buy the business, what I'm looking to do. He's not to happy as he's been told by his sources that it's not possible.
Has anyone done this before or have any more info? My main concern is that I'm emigrating & will be out of here on the 6th of July.