Our firm advises a wide range of clients on Ireland’s intellectual property (IP) regime.
Whether your business is in pharmaceuticals, biotech, medical devices, software, electronics, food and drink or renewable energy, intellectual property and intangible assets are likely to be core parts of what makes your business different and successful. Our IP specialists have the technical knowledge and practical experience to help you maximise your IP opportunities.
Tax relief is available for capital expenditure on a broad range of intangible assets. The range of assets qualifying for relief is extensive and includes patents, brands, trademarks, copyrights related to these assets and customer lists in certain instances. Companies carrying on a trade are entitled to claim a tax write-off over the accounting life of the asset, or over 15 years.
The proposed introduction of a "Knowledge Development Box" will also enhance Ireland’s IP regime. This will be an income based regime and will be designed to deliver an ongoing effective rate of tax on intangible assets lower than 12.5%.
HOW WE CAN HELP
We can assist with the following:-
Identifying qualifying intangible assets
Advising on transfer pricing aspects of the supply chain and licencing arrangements
·Effective tax rate modelling
Maximising deductions for IP purchased
Advising on licensing arrangements
Advising on legal documentation
Ensuring your Irish IP strategy works with your home country tax and legal system