I had to input this again as i must have gone into wrong area...
We are looking to invest in a company in the Czech republique which would be involved with selling property projects. The holding company would be in Ireland with a percentage in this czech company. After a sale this czech company would be closed down and another opened which would be the norm in the czech for this type of business. After a few sales and companies later the holding company would be liquidated. How would this affect us taxwise?
Re: Taxation query on setting company uo abroad with Irish holding company?
Thank you Brendan,
I appreciate your advise and certainly we have already sought out an accountant who is investigating the issue for us. However, they are taking so long, i just thought someone had some ideas on the topic, so i could have some knowledge before discussing with the accountant.
Re: Taxation query on setting company uo abroad with Irish holding company?
An EU resident does not need to form a company to acquire a Czech property. Generally it is not tax efficient to buy property through companies as you end up in a double tax situation where the company pays CGT on the gain and then the individual pays CGT when liquidating the company