TaxSource Total

Here you can access relevant source documents which support the summaries of key tax developments in Ireland, the UK and internationally

Source documents include:

  • Chartered Accountants Ireland’s representations and submissions
  • published documents by the Irish Revenue, UK HMRC, EU Commission and OECD
  • other government documents

The source documents are displayed per year, per month, by jurisdiction and by title

Revenue eBrief No. 83/2016 Capital Gains Tax – Revised Entrepreneur Relief

Section 597AA (inserted by the Finance Act 2015) of the Taxes Consolidation Act 1997 introduced a revised relief for entrepreneurs disposing of certain business assets. It provides that a 20% rate of CGT applies in respect of a chargeable gain or chargeable gains on a disposal or disposals of qualifying business assets on or after 1 January 2016 up to a lifetime limit of €1m.

Details of the revised relief are set out in the “Capital Gains Tax revised entrepreneur relief” Tax and Duty Manual Part 19-06-02b

Source: Revenue Commissioners. www.revenue.ie. Copyright Acknowledged.