Revenue has updated its Tax and Duty Manual which deals with losses in transactions from which income would be chargeable under Case IV or V to reflect changes to the taxation of non-Irish resident corporate landlords in receipt of rental income, but who are not trading in Ireland through a branch or agency. Finance Act 2021 amendments means that these corporate landlords are subject to corporation tax rather than income tax on Irish rental income from 1 January 2022. Revenue’s eBrief 121/22 has details.