Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.

https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Hi all, please see this major site announcement: https://www.boards.ie/discussion/2058427594/boards-ie-2026

ICO debt write off

crazylikeme · 2017-12-04 15:24:02

Hi does anyone know if there are any tax implications 1) if an Irish company forgives old ICO balance to parent company who is not resident in Ireland? 2) If Irish co is forgiven ICO debt owed by it to another company within the group? Thanks

04-12-2017 03:24PM

#1

crazylikeme

Registered Users, Registered Users 2 Posts: 42 ✭

Join Date: January 2014

Posts: 33

Hi

does anyone know if there are any tax implications

1) if an Irish company forgives old ICO balance to parent company who is not resident in Ireland?
2) If Irish co is forgiven ICO debt owed by it to another company within the group?

Thanks

0

Comments

#2 04-12-2017 07:38PM

dbran

Registered Users, Registered Users 2 Posts: 2,092 ✭✭✭

Join Date: October 2004

Posts: 2039

Hi there

it depends on how the debt arose originally if it was due to trade or finance related.

regards

dbran

0