The seminar commences at 4.30pm with registration and refreshments in the Cavanagh Pharmacy Building, Room LG51, UCC followed by a welcome address by Mr Brendan Cremen, Director of Technology Transfer, UCC at 5pm.

5.10pm    Pat Carleton, McAvoy & Associates

• An overview of the taxation of IP in Ireland
• Benefits and implications of incorporation
• The exploitation of IP by a trader
• Exploitation by a non-trader
• Capital allowances and deductible expenditure
• International issues
• Operational Tax Issues
• The R&D credit
• Stamp Duty
• VAT

5.40pm    Joe McAvoy, McAvoy & Associates

• Minimisation of tax on patent royalty income
• The exemption from income tax
• Meeting the requirement as to income from a qualifying patent
• A typical structure
• The manufacturing test
• The arm's length pricing test
• Minimisation of tax payable by the investor in IP
• The exemption from tax on company distributions
• Getting to grips with disregarded income
• The exclusion for radical innovation
• The exclusion for matched R& D expenditure
• Business Issues
• Confidentiality
• Speed
• The Business Plan
• Finding a Partner

6.10pm    Q&A

Speakers:
Patrick Carleton is a chartered accountant and member of the Irish Taxation Institute. He is a specialist tax consultant and takes a particular interest in the taxation of technology transfers.
Joe McAvoy is a fellow of the Institute of Chartered Accountants and a founding principal of McAvoy & Associates. He has practised as a partner in a Big Four accounting firm until 1997 when he set up the specialist tax advisory firm of McAvoy & Associates. He has written extensively on tax issues and is a regular speaker at tax conferences in Ireland and abroad.
McAvoy & Associates is a specialist tax-consulting firm that provides its clients with leading-edge expertise in the fields of tax planning and compliance. Founded in 1997, continuing growth has been based on building long-term relationships with clients, delivering first-rate services tailored to the individual needs of each client. The firm's principals include specialists with national reputations in the fields of property taxation, VAT and tax planning. It advises a diverse cross-section of clients, including multinationals, private companies, partnerships and high net-worth individuals.

Admission is free. If you would like to attend, please contact Miriam Collins, Technology Transfer Initiative at miriam.collins@ucc.ie   Tel: 021 4902823.

742MMcS

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