The first Tax Briefing of 2007 was published on-line in July.

Topics covered by articles include:

• Relevant Contracts Tax – meaning of principal contractor
• Interest relief in respect of rental property
• The Net Price Paid Formula and Separate Site Sales and Building Agreements
• Nursing Home Residential Units
• Claiming a tax credit for Research and Development
• VAT and Employment Agencies
• Salmon Hardship Scheme – tax treatment of payments under a scheme administered by Bord Iascaigh Mhara
• Capital Gains Tax – holding company regime
• Calculation of base cost of Fyffes shares and Total Produce shares

The lengthy article on Finance Act 2007 seems to be largely a reheat of the explanatory memorandum to the Act – there is better technical content available in the Revenue Notes for Guidance which have improved over successive years.