TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Remittance Basis of Assessment – UK Source Income and Gains

Revenue has issued eBrief No. 47/10 which clarifies the charge to tax on UK chargeable gains under the remittance basis of assessment by amending Note 2 to eBrief No. 11/10.

An additional line has been inserted into Note 2 of eBrief No. 11/10 which clarifies that UK chargeable gains relieved under Para 3 of the eBrief, will be chargeable to tax in future years if remitted to the State and the individual is tax resident or ordinarily resident in Ireland in that future year.

The revised eBrief No. 11/10 is reproduced in eBrief No. 47/10, which is available at http://www.revenue.ie