 However, Ireland turns it into a BEPS tool by providing the allowances for the purchase of "intangible assets", and especially "intellectual property" assets, and critically, where the owner of the intangible assets is a "connected party" (e.g.a Group subsidiary).For example, in Q1 2015, Apple used the CAIA tool when its Irish subsidiary purchased US$300 billion in intangible assets from an Apple subsidiary based in Jersey.