Since 2015, Madrid-headquartered global infrastructure group Ferrovial has been battling Revenue over a disputed tax liability arising from the partial sale of its investment in the M4 tolled motorway between Kilcock, Co Kildare and Kinnegad, Co Westmeath. A newly published determination by the Tax Appeals Commission shows that the Spanish investor has won this battle – for now. The conclusions reached by Appeal Commissioner Mark O’Mahony on February 18 have been redacted to exclude the names of the companies involved, but details of the dispute clearly identify the 2016 sale of shares in Eurolink Motorway Operation Ltd by Cintra Infraestructuras…

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