Confidential Information Request for Companies Tax Advisers Concerning the Revised Entrepreneur Relief Survey

Confidential Background Details

1.Name of Practice:

Impact of Relief

2.Based on your own experience, how important or otherwise was the Entrepreneur Relief in terms of the following factors:

Very Important

Important

Of Minor Importance

Not At All Important

Don't Know

Encouraging clients to start business(s) or make investment in Irish companies

Very Important

Important

Of Minor Importance

Not At All Important

Don't Know

Other (please specify)

3.How important, or otherwise, do you think the Entrepreneur Relief in general has been in your clients' decisions to sell asset(s)/businesses?

5.Please indicate what, in general, you think your clients would have been likely to do if Entrepreneur Relief was not available?

Would have proceeded with asset disposal

Would have delayed asset disposal

Would not have sold asset

Other (please specify)

Awareness of Entrepreneur Relief

6.What do you think was the main source of information by which your clients became aware of their entitlement to claim the Entrepreneur Relief?

Revenue Commissioners Information

Budget Speeches/Department of Finance Information

Advice from Professional Practices

7.Do you think that in general your clients were aware of the details of the Entrepreneur Relief prior to starting the business or making the investment against which they subsequently claimed the Entrepreneur Relief?

Yes

No

Don't Know

8.In your judgement, how many of your clients received professional advice concerning the Entrepreneur Relief back when they decided to make their initial investment in their businesses?

All clients received advise on Relief prior to initial investment

Majority received advice on Relief prior to initial investment

Minority received advice on Relief prior to initial investment

None of clients received advice on Relief prior to initial investment

Don’t Know

9.9. For those clients who you think were likely to have been aware of the Relief prior to starting the business or making the investment against which they subsequently claimed the Relief, how important, or otherwise, do you think the Entrepreneur Relief was in their decision to invest in or establish their businesses?

Details of Reliefs in Other Countries

10.Please provide any information on Reliefs on capital gains arising from the disposal by an individual of a business asset in other countries which you believe are relevant for this review. Please provide links or feel free to send material separately.

Other Comments

11.Please indicate any other comments/views you may have of the Relief. We would, in particular, like you to give your views on the following issues:

1.       Is the CGT Revised Entrepreneurial Relief still relevant including in its current format?

2.       What has been the impact of the Relief?

3.       Is the Relief in its current format the most efficient way to address the policy objectives?

12.Please also outline any views you have for changes in the Relief:

Use of CGT Retirement Relief

13.Please indicate your judgement on how many of your clients who availed of Entrepreneur Relief also availed of CGT Retirement Relief?

None

Minority

Majority

14.For the clients who did not avail of CGT Retirement Relief, what were the main reasons why this relief was not claimed:

Thank you very much for assisting in this confidential information request which will provide you with a direct input to policy. All individual responses from advisers will be treated as Strictly Confidential and will be only used on a non-attributed basis. However, if you are willing for us to quote and attribute any views/comments made please indicate accordingly.

Please ensure to select "Done" below to ensure your response will be submitted successfully.