Transfer of Business Relief (TOB)

TOB is a relief from applying Value-Added Tax (VAT) on the transfer of business assets to an accountable person. Examples of assets include goods and goodwill.

Those transferred assets must constitute an undertaking or part of an undertaking capable of being operated on an independent basis. Where you satisfy this test, the transaction is deemed not to be a supply for VAT purposes.

To avail of TOB, you must take over:

  • the complete business


  • a part of the business where the transferred assets are capable of being operated as a business.

Further guidance contains detailed information on Transfer of Business Relief.