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

When is a CGT clearance certificate not required?

Revenue has clarified the circumstances where a CGT clearance certificate is not required per section 980 Taxes Consolidation Act 1997 (TCA 1997). This clarification follows a number of queries raised by practitioners.

The Revenue Tax and Duty manual has been amended to state that section 980 TCA 1997 will not apply to the following scenarios:

  1. Sales of loans by financial institutions on land in the State in the course of a trade not carried on in the State;
  2. Sales of such loans by section 110 companies in the course of their trade in the State;
  3. Payments made to non-resident unit holders in investment undertakings within section 739B TCA 1997 and 739C TCA 1997.