Tag Archives: Holmes O’Malley Sexton

Presentation to FAST Programme, National Franchise Centre at Limerick Institute of Technology (17.5.2011)

We were delighted that Keith Burke a solicitor and trademark agent in our Business Department was invited to make presentations to the Franchise Acceleration Start Up Training (FAST) Programme, National Franchise Centre at Limerick Institute of Technology, O’Connell Street Campus on 11th and 16th May 2010.

Keith presented on a number of issues including consumer law and key issues arising in franchise agreements.

The National Franchise Centre is Europe’s first centre of excellence for franchise development. Six month training programmes are provided on franchise opportunities in Ireland and elsewhere by the National Franchise Centre. The FAST Programme was launched by Limerick Institute of Technology in partnership with Limerick Chamber of Commerce.

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Compulsory Registration of Title (24.2.2011)

By Audrey Healy, Partner, Property Department

Compulsory registration of Title in the Land Registry will be extended to the Counties and Cities of Cork and Dublin from the 1st of June 2011.

This extension means that compulsory first registration will apply to the entire Country from June 2011. Therefore when anybody buys unregistered property in any County in Ireland post 1st of June 2011, it will be compulsory for that property to be registered in the Land Registry. This has cost implications for Vendors in that maps have to be prepared on ordnance survey sheets in relation to all property being sold and it has implications in regard to costs for a purchaser in that there will be a separate application fee to the Land Registry in respect of the application for registration.

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Stamp Duty Changes (21.2.2011)

By Audrey Healy, Partner, Property Department

Two rates of Stamp Duty now apply to Instruments/Deeds of Transfer/Conveyances/Assignments of Residential Property executed on or after the 8th of December 2010. The previous exempt threshold of €127,000 has been abolished. A new lower rate of 1% now applies where the purchase price does not exceed €1 million. A higher rate of 2% will apply to the excess of the price over €1 million.
In the case of a mixed property (residential and commercial) the consideration must be apportioned on a just and reasonable basis between the residential and the non residential elements of the property. Significant penalties/surcharges can apply if the apportionment is not just and reasonable.
Various reliefs and exemptions have been abolished with effect from the 8th of December 2010. They comprise the following:
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