During his Budget speech, in between lowering Capital Gains Tax (CGT) for some entrepreneurs and complimenting the Tax Appeals Commission, Paschal Donohoe made a throwaway line about a technical amendment to the CGT legislation. “I am bringing forward a Financial Resolution tonight to make a technical amendment to the CGT legislation to address an avoidance issue which has been brought to my attention,” Donohoe said. But just what was the avoidance issue? The Budget briefing documents were equally vague, referring merely to Section 541 of the Tax Consolidation Act 1991. However, The Currency has established that the new legislation was…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €100.

Subscribe

Cancel anytime.

Are you already a member? .