The Gazette 1985

INCORPORATED LAW SOCIETY OF IRELAND GAZETTE Vol. No. 79 No. 3 In this issue . . . Comment 83 How EEC Law Affects the Practitioner Part III 85 Capital Acquistions Tax and - the Favourite Nephew Relief 91 Committee on Problems of Delays and expenses associated with Private house transactions 97 Council of Europe Colloquy on Human Ri gh t s . .. 97 Crossword 98 Book Review 99 Computerization at Companies Registration Office 102 Road Accidents in France 104 Know Your Council 84/85 110 Income Tax, Corporation Tax, Capital

April 1985

Comment . . .

. . . Search and Seizure? T HE reports of the Dail's Select Committee on Crime Lawlessness and Vandalism have generally been valuable and of good quality. It is therefore severely disappointing to find that the 6th Report on "Confisca- tion of Assets Illegally Acquired Through Drug Trafficing" is at best "well meaning". There would be few who would quarrel with the proposition that drug barons should be deprived of their illgotten gains or assets acquired with such gains. Unfortunately as with most good ideas serious difficulties arise when implementation is required. Any sophisticated drug operator will surely have at least made "arrangements" to carry the cash out of the country, or will have laundered it in some manner as to make it virtually untraceable. The report is rather repetitive and does not delve deeply enough into the problem. While the Committee states that the government should seek to improve International co-operation aimed at evading such legislation, it is clear that legislation of this sort has only recently been introduced in a number of countries and International co-operation is not likely to precede national legislation anywhere. It must also be said that the premise upon which the report is based, that there will be substantial profits being made in Ireland by drug dealers, is a depressingly pessimistic one. It is to be hoped that instead increased and improving Garda activity assisted by responsible public support will lead to a decline in drug trafficing reducing if not eliminating the illicit profits and the need to implement the proposed legislation. •

Gains Tax: Liability of Solicitors As Agents for Non-Resident Clients

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Professional Information

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Mary Buckley William Earley, Chairman John F. Buckley Gary Byrne Geraldine Clarke Charles R. M. Meredith Michael V. O'Mahony Maxwell Sweeney

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