Revenue has produced additional guidance for companies who undergo a reconstruction without a change of ownership. Two updates have been made as noted below.

• Where a company does not agree on the apportionment basis assessed by Revenue for receipts and expenses when part of a trade is separated into a standalone trade it can make an appeal to the Appeal Commissioners within 30 days after the date of the determination notice (section 5).
• The position in terms of capital allowances where a trade or part of a trade has been transferred is also clarified (section 6a).

Revenue eBrief No. 52/17 provides details and is published here.