Manual on requests for Capital Gains Tax clearance by non-resident vendors updated

Revenue has updated the Tax and Duty Manual  Requests for Clearance – Disposal of Land and Buildings by non-resident vendors to provide additional information and clarifications on the clearance process.

The title of the manual has been updated to better reflect the detail contained within and the content has been updated to include the following details:

• Clarifications regarding the disposal of certain assets by a non-resident vendor, including the role of the representative and the clearance process,
• The clearance process for disposals of property with a secured charge. Situations where sufficient and insufficient proceeds remain, after the redemption of the charge, to settle the Capital Gains Tax liability are also addressed,
• Details on the clearance request process, Revenue’s action on receipt of submissions and the thirty-five working day review timeline, and
• A summary table is included to provide details on scenarios which may arise when dealing with disposals by non-resident vendors.