Here in Kilflynn, the general consensus is we want our Kerry Co-op patron shares cancelled by the board and have them bought back off us for the nominal value of €1.25 as is allowed in the co-op’s rules.
Between 2011 and 2013, I had the misfortune of receiving 321 patron shares and now have this gigantic tax bill of €24,700, which is money I don’t have. I’m a single man and I don’t want all this hassle that goes with these shares. From Revenue telling me I haven’t declared so much of my income for three years, to my accountant ringing me 10 times a day, the matter had made me become very upset and it’s affecting my wellbeing.
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I’ve no means of paying this big tax bill, so the way forward now is for the co-op to buy these patron shares back off us as it’s the only way to get rid of all our tax bills without anyone needing the hassle or expense of having to go to court. At the end of the day, we’ll get on fine without the shares just like we always did beforehand.
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DEAR SIR:
Here in Kilflynn, the general consensus is we want our Kerry Co-op patron shares cancelled by the board and have them bought back off us for the nominal value of €1.25 as is allowed in the co-op’s rules.
Between 2011 and 2013, I had the misfortune of receiving 321 patron shares and now have this gigantic tax bill of €24,700, which is money I don’t have. I’m a single man and I don’t want all this hassle that goes with these shares. From Revenue telling me I haven’t declared so much of my income for three years, to my accountant ringing me 10 times a day, the matter had made me become very upset and it’s affecting my wellbeing.
I’ve no means of paying this big tax bill, so the way forward now is for the co-op to buy these patron shares back off us as it’s the only way to get rid of all our tax bills without anyone needing the hassle or expense of having to go to court. At the end of the day, we’ll get on fine without the shares just like we always did beforehand.
If you would like to speak to a member of our team, please call us on 01-4199525.
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