Revenue has issued a note, through the TALC Collections subcommittee, which provides additional information for the completion of the new panels on the Form CT1 in relation to section 299 leases. The note provides additional clarification on the disclosure requirements for leases agreed with corporate lessors and corporate lessees.
The note also outlines additional relevant points regarding capital gains and group relief. Revenue has confirmed that the content in the note will also be incorporated into the CT1 2025 Tax and Duty Manual when published as a reminder to filers.
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