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

Interest Relief – Commercial Premises

Interest relief for replacement loans on commercial premises do not generally require pre-clearance from Revenue. Revenue have confirmed their position at TALC as per paragraph 10 of their IT/CT/CGT Manual at 4.8.6 which sets out their practice in relation to the deductibility of interest under section 97(2) TCA 1997 on replacement loans. Revenue practice, as noted in the IT/CT/CGT Manual, had varied in the past.