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Dairy Chit Chat- Please read Mod note in post #1

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    #9992
    Fixture
    Registered Users Posts: 126 ✭✭Fixture


    Lots of unqualified opinions being offered here so I'd advise any one potentially affected to talk to a good accountant before engaging with Revenue.

    Some may not have paid their full CGT liability on any plc shares sold (regardless of how the shares were acquired). That could be the biggest cost from this fiasco.

    Kerry not the only co op to issue patronage shares but the high market value of their shares makes it a different beast entirely. It was also done on a large scale for a series of years.

    Given the wealth created by the Kerry Group's success, Revenue would not be doing their job if they were not looking closely to see if they were getting their share of the spoils. Even one CGT audit case would have alerted them to farmers with "free" Plc shares with no cost against them (acquired via subsequent spin out from co op shares)


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    #9993
    blue5000
    Moderators, Society & Culture Moderators Posts: 12,624 Mod ✭✭✭✭blue5000


    We've almost reached the 10,000 post limit here, thanks everyone for your contributions, new thread is here; http://www.boards.ie/vbulletin/showthread.php?p=101750355#post101750355

    If the seat's wet, sit on yer hat, a cool head is better than a wet ar5e.



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