As a business owner you are in a unique position to set up this type of structure which is allowed by Revenue and legislation
The structure enables you to extract cash from your business in a highly tax effective manner
You pay no personal taxes, PAYE, PRSI or USC on the transfer to your personal ownership
Your business pays no taxes on this transfer to you
Your business will get tax relief on the amount transferred
This personal asset is ring-fenced for you into the future even if your business does not survive
If you would like to know more, we would be delighted to explain about how you can benefit from this structure