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. 84/2016 Termination of carry forward of certain unused capital allowances beyond 2014

This is a follow-up reminder to Revenue eBriefs 81/15 and 41/16 which issued on 1 September 2015 and 19th April 2016 respectively.

Chapter 4A of Part 12 of the Taxes Consolidation Act 1997 (introduced in Finance Act 2012) provides for a termination of the carry-forward of certain unused capital allowances after the “tax life” of the relevant building or structure has ended. This measure comes into effect in the tax year 2015 and subsequent years, depending on when the “tax life” of a building or structure ends.

Further information on the measure can be found in Section 2.4 of Tax and Duty Manual Part 10-00-02.

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