Guidelines on tax consequences of receivership and mortgagees in possession

The appointment of a receiver is one of the ways by which a lender can enforce a mortgage or charge.

Revenue's Income Tax, Capital Gains Tax and Corporation Tax Manual has been updated by the insertion of a new Part 04.00.01 to provide guidelines in relation to the tax consequences that arise when a receiver is appointed over, or a mortgagee takes possession of, assets.

These guidelines deal with receivers and mortgagees in possession, other than Court appointed receivers.

16 October 2015