NewsCase StudiesEvents

Trademarks, domain names, and IP for Free?

Also in the news...

Foreign travel advice Indonesia

FCDO advises against all travel to parts of Indonesia.

Foreign travel advice Romania

Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).

Foreign travel advice The Gambia

Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).

Foreign travel advice China

Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).

Guidance Living in South Korea

Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.

Trademarks, domain names, and IP for Free?

Back to News

Last year, the Irish Government introduced a tax relief on the costs of acquiring intellectual property through business or companies trading in this jurisdiction.

Last year, the Irish Government introduced a tax relief on the costs of acquiring intellectual property through business or companies trading in this jurisdiction. The full costs of acquisition can now offset against the taxable income of the company or business based here. This means that companies and businesses can now increase their asset base by registering their business name, product or brand as a trade mark, register or acquire (by purchase outright or licence) domain names, existing trademarks, patent and many other intellectual property items such as copyright, know-now or trade secrets and write off the costs as a capital allowance against the taxable income of that business. The asset can be purchased from a third party or a foreign affiliate. It can also be purchased from another Irish business, subject to certain conditions. There is a requirement that if the registered trademark or other intellectual property is sold within 15 years of it's acquisition that a claw back may be applied.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.