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Alan, my client is a medical consultant who will cease trading on 30 June. His secretary will receive statutory redundancy of €15K and he wishes to pay a further amount of €15K as a termination payment which would also be tax free. Is the €30K a tax deductible expense in his accounts? Tax magic suggests the ex-gratia portion may not be allowed. If the secretary left on 31 May would this help?

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Asked on 23 March 2013 11:54 am
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