Domestic Merger Transactions - A Bite-Sized Tax Analysis

Introduction

The concept of domestic merger was introduced into Irish company law by Companies Act 2014.

This webinar will summarise the tax implications for both the transferor and successor companies of the three forms of mergers which can be effected - being merger by absorption, merger by acquisition and merger by formation of a new company.

It will cover mergers occurring both between group members and between previously unrelated companies.

The legislative provisions introduced in Finance Act 2017 to extend a number of tax reliefs to domestic merger transactions will also be explored and the webinar will deal with various compliance and administrative matters which are relevant because the transferor company dissolves at the time of the merger.

This webinar will be of interest to anybody advising on company merger transactions which are undertaken under the provisions of Companies Act 2014. Mergers are increasingly viewed as an attractive mechanism to effect intra-group entity reduction/consolidation as they can be a less costly and faster route than traditional entity liquidations or strike-offs.

What You Will Learn

This webinar will cover the following:

• The tax implications for both the shareholders and the companies of a domestic merger transaction
• The various tax reliefs which are available and conditions to be satisfied, including the measures introduced in Finance Act 2017
• The compliance and administrative matters which become the responsibility of the successor company
• The extent to which current tax liabilities and obligations of the transferor company, together with its tax history, are assumed by the successor company
• The extent to which a merger transaction can impact on certain other tax provisions and reliefs

This webinar was recorded on 18th July 2018