Revenue Note for Guidance

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Revenue Note for Guidance

267V Transactions to avoid tax

Summary

This an anti avoidance provision.

Details

The new legislation will not apply to a transaction unless it is undertaken for bona fide commercial reasons and does not form part of any arrangement for the avoidance of a tax liability. All taxes are covered by this provision including Stamp Duty, VAT and Capital Acquisitions Tax.

Relevant Date: Finance Act 2019