CGT anti-avoidance measures – guidance updated

Jul 08, 2019

Revenue’s Tax and Duty Manuals Part 02-03-01Part 20-01-14 and Part 42-03-01 have been updated to reflect anti-avoidance measures relating to capital gains tax that were introduced in Finance Act 2015.

The measures were extended in Finance Act 2017 and are intended to prevent arrangements put in place prior to a share disposal to dilute the value that is derived from Irish situated assets such as land and buildings.  Read Revenue’s eBrief.