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Hi there I have a client who has a successful profitable language school which he runs as an Irish Limited Company. He is based in Italy. He wants to transfer the business out of the existing company to a new Irish limited company. What would need to be done to ensure that no CAT or CGT arises in the transfer of the business from oldco Limited to newco Limited. I am assuming that as he is based in Italy it may not be treated as a distribution in any case as no DWT would arise and he does not pay Irish Income tax. Thanks Dbran

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Asked on 18 November 2019 5:30 pm